Shared Flashcard Set

Details

Chapter 4
Vocabulary & Practice
4
Accounting
Not Applicable
02/01/2005
Click here to study/print these flashcards.

Create your own flash cards! Sign up here.

Additional Accounting Flashcards

 

 

Cards

Term
ASSET
 Definition
Anything of value that can be owned
Term
Liability
 Definition
An amount that is owed
Term
Owner's Equity
 Definition
The amount remaiing after the value of all liabilities is subtracted from the value of all assets.
Term
Capital
 Definition
The account used to summarize the owner's equity in business.
Supporting users have an ad free experience!