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bookkeeping equations

Created by

Kenya

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pretechnicalOnline version

bookkeeping equations

by Tr. Sam
1

resources owned by a business

2

also called owners equity, the investment the owner has in a business

3

a person who owes money to a business for goods or services supplied to him or her

4

a person whom money is owed for goods or services

5

money needed to start a business

6

what business owes

7

the process of tracking and recording business's financial transaction

8

liabilities + capital

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