CH6 - Accounting Flashcards
1
Q
Shareholders Equity
A
Assets - Liabilities
2
Q
Capital
A
Long term debt used to finance business
3
Q
Regulatory Capital
A
Tier 1 and 2 Capital
4
Q
Debtor
A
Someone who owes you money
5
Q
Creditor
A
Someone whom money is owed
6
Q
Depreciation
A
The cost of an asset apportioned over a period of time in which the asset is used
7
Q
The accounting Equation
A
Assets = Equity + Liabilities
Equity = Assets - Liabilities
ALE
