Things you own, such as cash, real estate, equipment, inventory. (Something owned that has value.)
What are assets?
100
a monetary gain, usually from the sale of products or services (money earned)
What is income?
100
financial Burden; cost (money spent)
What are expenses?
100
The relativity stable investments that can easily be changed into currency.
What is cash?
100
An official financial statement that includes the company’s assets and liabilities. It determines the value of the company by subtracting liabilities from assets.
What is a balance sheet?
200
what currency do we use in the USA?
What is the dollar?
200
An entry one right side of an account- decreases assets or increase liabilities.
What is credit?
200
money. (mostly dollar bills are called this.)
What is cash?
200
When you owe money to someone.
What is debt?
200
The bill that George washington is on.
What is a $1bill.
300
amount of the initial investment plus retained earnings (earnings invested in the business.) the owner’s right to the assets of a business.
What is owner's equity?
300
money you owe
What are expenses?
400
A debt or obligation (money owed)
What are liabilities?
400
a coin that cost 25 cents
What is a Quater?
500
A financial statement of a company’s income, expenses, and income for a period of time. Shows the company’s profit or loss for a given period of time.