Question: Term Definition 1 . Accounting equation e . The basic tool of accounting, stated as Assets = Liabilities + Equity 2 . Asset 3 .

Term
Definition
1.
Accounting equation
e. The basic tool of accounting, stated as Assets = Liabilities + Equity
2.
Asset
3.
Balance sheet
4.
Expense
5.
Income statement
6.
Liability
7.
Net income
8.
Net loss
9.
Revenue
10.
Stmt. of cash flows
11.
Stmt. of ret. earnings

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