Accounting Basics

money owed by a company to its creditors.

• Accounts Payable

• Accountant

• Credit

• Vendor

The total amount of money owed to a company by a customer

• Accounting

• Accounts Receivable

• Expenses

• QuickBooks

a professional who keeps and or inspects financial accounts

• Accounting

• Assets

• Assets

• Accountant

planning, recording, analyzing, and interpreting financial information and accounts

• Expenses

• Accounting

• Assets

• Debit

the costs of operating a company

• Expenses

• Assets

• fiscal year

• Transaction

money and other valuables belonging to an individual or company

• Liabilities

• Accounting

• Assets

• Vendor

what a company owes to creditors or others

• QuickBooks

• Journal Entry

• Journal

• Liabilities

an entry for the removal of money from your account to make a payment or purchase a good

• Transaction

• Debit

• fiscal year

• Credit

an entry for a sum of money received into your account

• Credit

• Liabilities

• Debit

• Accounting

an accounting period that is one year lon

• Vendor

• fiscal year

• Journal

• Credit