Accounts

6. Goods returned to the supplier by the business.
9. Transactions where goods or services are sold to customers.
10. Earnings generated from business activities, such as sales.
11. Tangible products bought and sold by a business.
12. Customers who owe money to the business for goods or services sold on credit.
13. Purchases: Buying goods or services with payment to be made at a later date.
15. Selling goods or services with payment to be made at a later date.
17. The financial resources invested in a business by its owners.
18. Withdrawals made by the owner(s) from the business for personal use.
19. Goods returned by the customer to the business.

1. Resources owned by a business expected to provide future economic benefits.
2. Obligations or debts owed by the business to external parties.
3. Purchases: Buying goods or services with immediate cash payment.
4. Acquisition of goods or services for use in the business.
5. An event that has a financial impact on a business and can be measured in monetary terms.
7. Entities to whom the business owes money for goods or services purchased on credit.
8. Selling goods or services with immediate cash payment.
14. The financial gain when income exceeds expenses.
16. Costs incurred by a business in the process of earning revenue.
20. Goods available for sale held by a business.