Records Vocab

Front

Complete list of items like property or goods in stock.

Back

Inventory

Front

Term for anything of value in business?

Back

Asset

Front

People/businesses you owe money to?

Back

Liability

Front

Owner's share of a business:

Back

Capital

Front

Classification of EQUIPMENT

Back

Asset

Front

Classify: VERIZON WIRELESS PHONE COMPANY

Back

Liability

Front

Money owed to a company by its debtors.

Back

Accounts receivable.

Front

Money owed by a company to creditors

Back

Accounts Payable

Front

Entry recording a decrease in assets or increase in liability, and decrease in expenses or increase in revenue.

Back

Credit

Front

Entry for a payment made or owed

Back

Debit