What is Accounting?, Recording and reporting financial transactions, Designing advertisements, What does Revenue mean?, Money earned by a business, Money owed by a business, What does Expense mean?, Money spent to operate a business, Money invested by the owner, What does Depreciation mean?, The decrease in an asset’s value over time, The increase in revenue over time, What is the Accounting Equation?, Assets = Liabilities + Owner’s Equity, Assets = Revenue + Expenses, If Liabilities = BD 2,000 and Owner’s Equity = BD 3,000, what are the Assets?, BD 5,000, BD 1,000, Cash is an Assets?, True, False, Sales made by a business are Revenue ?, True, False, Rent paid by a business is an Expense.?, True, False, A bank loan is a Liability.?, True, False

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