Question

What are the Basic Accounting terms?​

Answer 1

Answer:

Basic Accounting Terms

Accounts Payable. Accounts payable refers to the money a business owes to its suppliers, vendors, or creditors for goods or services bought on credit. ...

Accounts Receivable. ...

Accounting Period. ...

Accruals. ...

Accrual Basis Accounting. ...

Assets. ...

Balance Sheet. ...

Capital.

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Answer 2

Answer:

Basic Accounting Terms:

• Accounts Payable.
• Accounts Receivable.
• Accounting Period.
• Accruals.
• Accrual Basis Accounting.
• Assets.
• Balance Sheet.
• Capital.