Asset Records
Charge for an increase (+)
Credit for the Decline (-)
Accounts for Liability
Charge for an increase (+)
Credit for the Decline (-)
Equity Accounts of Owners
Charge for an increase (+)
Credit for the Decline (-)
Revenue Tracking
Charge for an increase (+)
Credit for the Decline (-)
Spending Account
Charge for an increase (+)
Credit for the Decline (-)
Owner Cashouts
Drawing Funds
Charge for an increase (+)
Credit for the Decline (-)
System for Accounting
A planned procedure for gathering financial information and presenting a summary of the findings in accounting records and reports
Financial Records
Financial reports that summarize a company's finances and operations
