1
Something transacted, especially a business agreement.
2
When a company provides a service and allows the customer to pay in 30 days.
3
A creditor's claim on a company' assets.
4
A major element of the income statement that reports the costs that have been used in order to obtain revenues during the accounting period.
5
The financial statement that reports the financial position of a company as of an instant or point in time is the ________________ sheet.
6
Credit recorded when a company purchase inventory on credit from vendors or supplies.
7
Initial investments made by owners like stock purchases or partnership buy-ins.
8
Entry on the right side of an account.
9
The monetary payment received for goods or services, or from other sources, as rents or investments.
10
The time span in which certain financial events took place.
11
A record or document or (books) that contains account summaries for accounts used by a company.
12
A resource that is owned or controlled by a company that can be used to provide a future economic benefit.
13
Entry on the left side of an account.
14
An excess of expenses over revenues, either for a single business transaction or in reference to the sum of all transactions for an accounting period.
15
The most liquid asset a company can own.
