| A | B |
|---|
| debit | left side of an account |
| credit | right side of an account |
| expenses | decrease in owner's equity from the operation of the business |
| revenue | increase in owner's equity from the operation of the business |
| withdrawal | owner taking out assets from the business |
| assets | anything of value owned by the business |
| liabilities | anything owed by the business |
| posting | transferring information from the journal to the ledger |
