A written promise to pay a specific sum of money (the principal) plus interest for the privilege of borrowing money over a period of time. Financial Claims are issued by DSUs (liabilities) and purchased by SSUs (assets)
used in the phrase 'to your credit' in order to indicate an achievement deserving praise
Any bank or business that extends credit to others; a lender.
money and other valuables belonging to an individual or business
the money value of a property or of an interest in a property in excess of claims or liens against it.
the diffrence between a person's and family's assets and liabilities
Organization's debts and other financial obligations.
An equation showing the relationship among assets, liabilities, and owner's equity.
This is an economic event that causes a change in the assets, liabilities,or owner's equity of a business.
the quality of taking advantage
Short-term debts owed to a company by others, such as its customers
the total amount owed by the practice to suppliers and other service providers
the ceremonial act of clothing someone in the insignia of an office
when a business buys on credit
the entire amount of income before any deductions are made
money spent to perform work and usually reimbursed by an employer
the act of withdrawing
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