Key Terms: Classification of Accounts and the Accounting Equation

Asset

Aset

Current Asset

Aset Semasa

Liability

Liabiliti

Owner's Equity

Ekuiti Pemilik

Revenue

Hasil

Expense

Belanja

Accounting Equation

Persamaan Perakaunan

Income Statement

Penyata Pendapatan

Statement of Financial Position

Penyata Kedudukan Kewangan

Contra Entry

Catatan Kontra

Chart of Accounts

Carta Akaun