A financial statement that reports assets, liabilities, and owner's equity on a specific date

Planning, recording, analyzing, and interpreting financial information

An equation showing the relationship amount assets, liabilities, or owner's equity.

A business activity that changes assets, liabitlies, or owner's equity.

A planned process for providing financial information that will be useful to management

The amount in an account

The amount remaining after the value of liabilities is subtracted from the value of all assets.

A record summarizing all the information pertaining to a single item in the accouting equation.

Oraganized summaries of a business's financial activities

Fiancial rights to a business

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