Accounting

Front

Things you own

Back

Asset

Front

Things you owe

Back

Liability

Front

Initial investment plus retained earnings

Back

Owner's Equity

Front

Items found on a balance sheet: Income, Expense, Net Loss, Net Profit; Assets, Liabilities, Owner's Equity; Income, Liabilities; Assets, Expenses

Back

Assets, Liabilities, Owner's Equity

Front

Items found on an Income Statement: Income, Expenses, Net Profit, Net Loss, Assets, Liabilities, Owner's Equity, Income, Liabilities, Assets, Expenses

Back

Income, Expenses, Net Profit, Net Loss

Front

What category? Cash

Back

Asset

Front

What category? Accounts Receivable

Back

Asset

Front

What category? Inventory

Back

Asset

Front

What category? Mortgage

Back

Liability

Front

What category? Equipment

Back

Asset