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5 Cards in this Set
- Front
- Back
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Assets |
Something your business owns. DR - E.g. Computer, office chair, key board, pen. |
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Liabilities |
Borrowed amount is owed. CR - E.g. Loan, Accts Payable, Mortgage. |
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Revenues |
Income earned. CR - E.g. Sales, Service, revenues,Comm, interest, rent. |
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Owners equity |
Owners Investment into the business. CR - E.g. Capitals, Drawings. |
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Expenses |
Cost incurred through the earnings. DR - E.g. Electricity, Rent Expenses, Cogs |
