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