ACCONTING

2. Liabilities = Owner’s Equity
3. is the process of recording, analyzing, and interpreting the financial or economic activities of a business.
4. is the owner’s investment in the business or the financial portion of the business that belongs to the owners or shareholders.
5. are expenditures that help a business generate revenue.
6. recording something of value for something else of value.
7. is a financial statement that shows a business’s profit (or loss) over a stated period of time.
10. payable is the money that a business owes.
11. A flat rate of business
13. are debts or amounts of money that are owed to others by an individual or a business.

1. is a financial statement that shows the financial position of a business on a specific date.
2. is the money owed to the business.
8. assets after all liabilities are deducted
9. money earned from business
12. The money, or the promise of money, received from the sale of goods or services is called.
14. how business money flows