Matching Pairs Accounting TermOnline version Accounting terms by M Burt 1 Financial Statement 2 To Purchase 3 Cost of Goods 4 Color-Coded 5 Inventory 6 shortfall 7 debt 8 Equity 9 Income Statement 10 assets 11 Balance Sheets 12 liability parts of the business that are owned completely by the owners paper/sheet that shows where a business gets money, how much, and where it loses money sheet/paper that shows all business assets and if the assets are from debt (liability) or equity -Colors represent something, colors used to organize to not have enough money or the amount of money missing money that belongs to someone else, Money that needs to be returned when a business takes money from someone, but needs to return it later. Something that causes loss of money anything/ items owned by a company How much a business paid for an item before they sell it paper/sheet that shows how well a business is doing, and its opportunity to get more money items, goods or things businesses sell To buy
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