A record that provides information about a given asset, liability, equity, revenue or expense.
Accounts whose balances carry over from one accounting period to the next accounting period.
Accounts whose balances are closed at the end of an accounting period and reopened at the beginning of the next period.
Physical or non-physical resources owned by an organization that have economic value.
Debts and other financial responsibilities of an organization.
The remaining value once liabilities are subtracted from assets.
Earnings from interest or from the sale of goods or services.
Costs associated with operating or maintaining a business.