Vocabulary

Instructions:

Search the course textbook, other accounting textbooks, or the web for a brief and concise definition of each of the following terms.

Accounting 

Assets 

Liabilities 

Owners' equity 

Generally Accepted Accounting Principles 

Accrual basis  

Revenues 

Expenses 

Professional ethics 

Basic accounting equation 

Transactions 

Financial statements

Please use Apa Style and References, avoid plagiarism.