Am amount owed by a business

Anything of value that is owned.

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

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

The accounting equation could be stated as

An increase in owner's equity resulting from the operation of a business.

Assets taken out of a business for the owner's personal use.

The recording of debit and credit parts of a transaction.

A form for recording transactions in chronological order.

A group of accounts

Teachers: Create FREE classroom games with your questions Click for more info!
©2007-2024 Review Game Zone | About | Privacy | Contact | Terms | Site Map