Show:
Unit 1
Unit 2
Unit 3
100
what is a person or business that has extended credit or loaned money
What is a crediter
100
what is an exchange of things of value
What is a business transaction
100
what is a form in which changes caused by transactions
What is an account
200
what is the differnece between items owned and debts owed
What is personal net worth
200
what is the period of time coverd by finacial statemets
What is an accounting period
200
left
What is the side of debit (left or right)
300
what is an item of value ownded by a busness or person
What is an asset
300
what is standerd accounting rules and guidelines
What is generally accepted accounting princapls?
300
right
What is the side of credit (left or right)
400
what is the debts of a business or person
What is liablility
400
what is an exchange of things of value
What is a transaction
400
what is a recorded on the left side of asset accounts
What is Asset Balance
500
what is the owners clain against the assets of the company
What is owners equity
500
what is A=L+OE
What is the accounting equation
500
what is a group of accounts
What is a Ledger