any amount that is owed is called

anything of value that is owned

the owner of a business

the increase in owner's dquity caused by income from the sale of goods and services

the period of time that the books are open to record transactions and summarize accounting information

an association of individuals united for a common purpose to use a common name

business activity that causes changes in the value of assets, liabilities and capital

a person responsible for recording business transactions

the existence of a business as an artificial individual

an owner's withdrawal of cash from his business for personal use

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