Select the One Term That Best Fits Each Definition

Select the one term that best fits each definition.
-A decrease in owner's equity resulting from the operation of a business.

A) account
B) account balance
C) account title
D) accounting
E) accounting equation
F) accounting system
G) asset
H) business ethics
I) business plan
J) capital account
K) creditor
L) equities
M) equity
N) expense
O) financial statements
P) GAAP
Q) liability
R) net worth statement
S) owner's equity
T) personal net worth
U) proprietorship
V) revenue
W) sale on account
X) service business
Y) transaction
Z) withdrawals