Trminos por definir: Terms te be defined Try to define them in detail. 1. Accounting: 2. Accounting equation: 3. Assets: 4. Balance sheet: 5. Current assets: 6. Fixed assets: 7. Liabilities: 8. Current liabilities: 9. Fixed liabilities: 10. Equity: 11. Expenses: 12. Financial statements: 13. Financial position: 14. Generally accepted accounting principles (GAAP): 15. Income statement: 16. Losses: 17. Net income: 18. Operating activities: 19. Operating expenses: 20. Revenues