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5 Cards in this Set

  • Front
  • Back
Define Proprietorship
unincorporated business owned by one individual
Define Revenue
inflow of assets in exchange for goods and service
Define Shareholders/Stockholders
people who have invested in a company and have been given a bond that represents their stake in the company
Define Transaction
raw material of the account system involving an equal exchange of value
Define Unlimited Liability
owners are personally liable for debts of the business