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Business Key Terms

Horizontales
A report on the assets, liabilities, equity, and accumulated profits and losses of a business on a specific date
The money a business owes to creditors other than banks
The money a business owes to creditors other than banks
The procedure of recording, sorting, analyzing, and preparing records of economic data related to business transactions
A periodic record of business transactions
The money owed to a business by customers that have bought on credit
Verticales
The money owed to a business by customers that have bought on credit
A financial event in which money changers hands
A report showing the net income or net loss of a business for a specific period of time
The difference between total assets and total liabilities
The valuables thtat a person or a company owns