Standard Accounting Principles

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Description and Tags

Accounting

9 Terms

1
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Accounts Payable

Liability (debts owed)

2
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Accounts Receivable

Assets (money owed to the company)

3
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Cash

Assets

4
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Common Stock

Equity (investment by owners)

5
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Dividends

Dividends (they are their own thing)

6
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Equipments

Assets

7
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Other Expenses

Expenses (cost of doing business)

8
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Sales Revenue

Revenue (income from business activities)

9
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Supplies

Assets