Accounting Terms

Accounts Receivable

• ASSET

• LIABILITY

• INCOME

• EXPENSE

Accounts Payable

• ASSET

• LIABILITY

• INCOME

• EXPENSE

Fees Received

• ASSET

• LIABILITY

• INCOME

• EXPENSE

Interest on Loan

• ASSET

• LIABILITY

• INCOME

• EXPENSE

GST

• ASSET

• LIABILITY

• INCOME

• EXPENSE

Goodwill

• ASSET

• LIABILITY

• INCOME

• EXPENSE

Insurance

• ASSET

• LIABILITY

• INCOME

• EXPENSE

Bank

• ASSET

• LIABILITY

• INCOME

• EXPENSE

Loan

• ASSET

• LIABILITY

• INCOME

• EXPENSE

Electricity

• ASSET

• LIABILITY

• INCOME

• EXPENSE