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5 Cards in this Set

  • Front
  • Back

Accounts payable

Money an organization owes its vendors and suppliers.

Accounts receivable

Money an organization's customers owe the organization.

Affinity diagramming

Data-sorting technique in which a group categorizes and sub-categorizes data until relationships are clearly drawn.

Assets

Financial, physical, and sometimes intangible properties an organization owns.

Balance sheet

Statement of an organizations financial position at a specific point in time, showing assets, liabilities, and shareholder equity.