Show:
Accounts
Investment
Debts
Inflow of Money
Property Owned
100

Amounts a business must pay in the future.


textbook source: College Accounting (Chap 1-13) (Price, Haddock, Farina) (15th edition) (pg. 38)

What is Accounts Payable?

200

Financial investment in a business.


textbook source: College Accounting (Chap 1-13) (Price, Haddock, Farina) (15th edition) (pg. 38)

What is Capital or Equity?

300

Debts or obligations of a business.


textbook source: College Accounting (Chap 1-13) (Price, Haddock, Farina) (15th edition) (pg. 38)

What are Liabilities?

400

An inflow of money or other assets that results from the sales of goods or services or from the use of money or property.


textbook source: College Accounting (Chap 1-13) (Price, Haddock, Farina) (15th edition) (pg. 38)

What is Revenue or Income?

500

Property owned by a business.


textbook source: College Accounting (Chap 1-13) (Price, Haddock, Farina) (15th edition) (pg. 38)

What are Assets?