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4 Cards in this Set
- Front
- Back
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What is an Asset?
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Something of value that the business owns.
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What is Owners Equity?
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IT is what the owner has put into the business and the business owns back to the owner.
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What is Capital?
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Capital is the money he already has and puts into the business.
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What is accounts payable or creditors (liability)
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Accounts recievable/debtors are those people the business may sell stock on to make a profit.
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