| A | B |
|---|
| Accountant | a person who plans, summarizes, analyzes and interprets accounting information |
| Account Title | the name given to an account |
| Account Balance | the amount in an account |
| Balance Sheet | A financial statement that reports assets, liabilities, and owner's equity |
| Equities | financial rights to the assets of a business |
| Capital | the account used to summarize the owner's equity |
| Business Ethics | the use of personal ethics in making business decisions |
| Ethics | the principles of right and wrong that guide an individual in making decisions |
| Accounting | planning, recording, analyzing, and intrepreting financial data |
| Proprietorship | a business owned by one person |
| Liability | an amount owed by a business |
| Asset | anything of value that is owned |
| Account | a record summarizing all the information pertaining to a single item in the accounting equation |
| Transaction | business transaction that changes assets, liability or owner's equity |
| Expense | Decrease in owner's equity resulting from operation of a business |
| Revenue | Increase in owner's equity resulting from the operation of a business |
| Withdrawals | assets taken out of the business for the owner's personal use |
