Definition Term

A$.$ Accounting equation. Assets $=$ Liabilities $+$ Stockholders$$ Equity

B$.$ Four periodic financial statements. Income statement, balance sheet, statement of stockholders$$ equity, and statement of cash flows

C$.$ The two equalities in accounting that aid in providing accuracy. Assets $=$ Liabilities $+$ Stockholders$$ Equity and Debits $=$ Credits

D$.$ The results of transaction analysis in accounting format. Journal entry

E$.$ The account that is debited when money is borrowed from a bank.

F$.$ Economic resources owned or controlled by a company, with measurable value and expected future benefits.

G$.$ Cumulative earnings of a company that are not distributed to the owners.

H$.$ Every transaction has at least two effects.

I. Measurable obligations from a past transaction that are expected to be settled in the future by transferring assets or providing services.