An owner’s financial interest in a business
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A financial event that changes the resources of a firm
A financial event that changes the resources of a firm
The result of an excess of revenue over expenses
The result of an excess of revenue over expenses
Funds taken from the business by the owner for personal use
Funds taken from the business by the owner for personal use
The result of an excess of expenses over revenue
The result of an excess of expenses over revenue
A point at which revenue equals expenses
A point at which revenue equals expenses
An inflow of money or other assets that results from the sal…
An inflow of money or other assets that results from the sales of goods or services or from the use of money or property; also called income
A formal report of changes that occurred in the owner’s fina…
A formal report of changes that occurred in the owner’s financial interest during a reporting period
The current worth of an asset or the price the asset would b…
The current worth of an asset or the price the asset would bring if sold on the open market
Financial investment in a business; equity
Financial investment in a business; equity