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9 Cards in this Set

  • Front
  • Back
Assets
Cash
Land
Building
Liabilities
Accounts Payable
Notes Payable
Morgage Payable
Revenue
Sales
Commison Earned
Equity
Common Stock
Revenue Earned
Expenses
Rent
Salaries
Utilities
Advertising
Taxes
Balance Sheets
Equation
Assets = Liabilities + Equity
Income Statement
Equation
Revenues - Expenses = Net Income
Statements of Changes in Stockholders' Equity
Equation
Beginning of period total equity + stock issued + Net Income - Dividends = End of Period total equity
Statement of Cash Flow
Equation
Cash Inflow - Cash Outflow = Net Cash Flow