Term
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Definition
| Systematic, quantitative record of activity |
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Term
| Balance or Statement of Financial Position |
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Definition
| report's the company's assets, liabilities, and owner's equity at a particular date. |
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Term
| Income Statement or Statement of Retained Earnings |
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Definition
| reports the amount of net income earned by a company during a period of time |
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Term
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Definition
| reports the amount of cash collected and paid out by a company in the following types of activites; operating, investing, and financing. |
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Term
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Definition
economic resources that are owned or controlled by a company and have a normal debit balance
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