Create an account
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)
the money value of a property or of an interest in a property in excess of claims or liens against it.
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.
Please allow access to your computer’s microphone to use Voice Recording.
Having trouble? Click here for help.
We can’t access your microphone!
Click the icon above to update your browser permissions and try again
Reload the page to try again!Reload
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Please upgrade Flash or install Chrome
to use Voice Recording.
For more help, see our troubleshooting page.
Your microphone is muted
For help fixing this issue, see this FAQ.
Star this term
You can study starred terms together