Introduction to Business--Mr. Hall, Fall 2007-2008
Accounting Vocabulary
and other notes

Date

  
 
  1. Revenue accounts
  2. Expense accounts
  3. Purchases account
  4. Drawing account
  5. Merchandise
9/11
  1. Assets
  2. Liabilities
  3. Owners Equity
  4. Capital
  5. Accounting Equation:     Assets - Liabilities = Owners Equity (or Capital)