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10 Cards in this Set

  • Front
  • Back
Property
anything of value that is owned or controlled
property rights
Creditors' and owners' financial claims to the assets of a business
financial claims
legal rights to an item
credit
buy and get now, and agree to pay later
creditor
business or person selling you the property on credit
assets
property or items of value owned by a business
equity
accounting term for the financial claims of assets
investments
assets owned by a business but nor used in the operation of that business
owner's equity
owner's claim to the assets of the business
liabilities
creditor's claims to the assets of the business. Debts of a business.