| A | B |
|---|
| Accountant | Prepares and interprets financial reports. |
| Entrepreneurs | Motivated Self Starters |
| Capital | Money Supplied by investors, banks, or owners. |
| Service Business | Provides a needed service for a fee |
| Sole Proprietorship | Business owned by one person. |
| GAAP | General Accepted Accounting Principles. |
| Accounting Equation | Assets = Liabilities + Owner's Equity |
| Account | Shows the balance for a speific equation. |
| Accounts Receivable | Amount of money owed to a business. |
| Debit | Left Side of T accounts |
| Credit | Right side of T accounts |
| Buying on account | buying an item on credit |
| Chart of Accounts | All accounts and their assigned numbers. |
| Source Document | Paper prepared for evidence of a transaction. |
| Slide error | When a decimal point is moved by mistake. |
