A business activity that changes assets, liabilities, or owner's equity

Anything of value that is owned

The name given to an account

A business owned by one person

The amount in an account

A business that performs an activity for a fee

The account used to summarize the owner's equity in a business

Financial reports that summarize the financial condition and operations of a business

An increase in owner's equity resulting from the operation of a business

Assets taken out of a business for the owner's personal use

Planning, recording, analyzing, and interpreting financial information

A decrease in owner's equity resulting from the operation of a business

A planned process for providing financial information that will be useful to management

The principals of right or wrong that guide an individual in making decisions

Amount owed by a business

The use of moral values in making business decisions

An equation showing the relationship among assets, liabilities and owner's equity

The amount remaining after the liability value is subtracted from the asset value

A record summarizing all the information pertaining to a single item in the accounting equation

A sale for which cash will be received at a later date

Oganized summaries of a business' financial activities