Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
3 Cards in this Set
- Front
- Back
Owner's equity |
|
|
The accounting equation |
|
|
Business transaction |
An economic event that has a direct impact on the business. Usually requires an exchange with an outside entity and must be able to be measured in dollars. All business transactions affect the accounting equation through specific accounts. |