Accounting II Chapter 12

Card Set Information

Author:
Anonymous
ID:
266873
Filename:
Accounting II Chapter 12
Updated:
2014-03-18 01:16:10
Tags:
Accounting Terms
Folders:
School,Accounting II,Chapter 12
Description:
Terms and Structure for Capital
Show Answers:

Home > Flashcards > Print Preview

The flashcards below were created by user Anonymous on FreezingBlue Flashcards. What would you like to do?


  1. Profit & Loss = Income Statement
    • P/L or PNL or P&L = I/S or I/C Statement
    •      (checkbook)             = Bal Sheet or B/S
    •                                     = Net Worth
  2. Debit
    DR - B/S - increase
  3. Credit
    CR - P/L - decrease
  4. Accounting Formula 1
    (A)ssets = (L)iabilities + (OE)quity
  5. APIC
    Additional Paid-In Capital
  6. Balance Sheet
    Assets-Liabilities=Equity
  7. Income Statement
    Income-Expenses=Profit/Loss

What would you like to do?

Home > Flashcards > Print Preview