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| Term | Definition |
|---|---|
| Revenue | An increase in owner's equity resulting from the operation of a business |
| Sale on Account | A sale for which cash will be received at a later date |
| Expense | A decrease in owner's equity resulting from the operation of a business |
| Withdrawals | Assets taken out of a business for the owner's personal use |
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| Terms | 4 |
| Creator | annakayholland |
| Created | August 21, 2009 |
| Groups | None |
| Subject | accounting |
| Access | Anyone |
| Edit | Creator Only |