Cards in Accounting

Asset
Liability
Equity
Revenue
Expense
Debit
Credit
Journal
Ledger
Trial Balance
Depreciation
Amortization
Goodwill
Inventory
Accounts Receivable
Accounts Payable
Dividend
Bond
Share
Capital
Audit
Budget
Forecasting
Liquidity
Solvency
Accrual
Cash Basis
Accrual Basis
Reconciliation
Bookkeeping

Asset

ˈæset

Meaning

A resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity.

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