Anything of value that is OWNED

cash

A company that provides certain professional support to its clients.

Asset is number

cash increasing

Anything that is OWED

account payable

the promotion of goods and/or services that are available for retail sale.

Owners equity is number

Maria Sanchez capital increasing

Owner’s claim to the assets of the business

Maria Sanchez Capital

the processing of raw materials or parts into finished goods through the use of tools, human labor, machinery, and chemical processing.

Liability is number

Accounts payable increasing

The income or increase in net assets

Accounts receivable

a business shared by multiple owners. It's not a legal business entity, and it doesn't have to be registered with the state.

Expense is number

Accounts receivable increasing

The cost of operations that a company incurs to generate revenue

delivery equipment

a legal entity that's separate from its owners. it can make a profit, be taxed, and can be held legally liable.

Revenue is number

cash decreasing