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| total amount of money to be recieved in the future for goods or services sold on credit |
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| bank form on which the currency (bills and coins) and checks to be deposited are listed |
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| post-closing trial balance |
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| prepared to prove that debits in the ledger accounts are equal to the credits after the closing entries have been posted |
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| journal entry with two or more debits or two or more credits |
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| permanent accounts n their balances |
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are listed on the post-closing trial balance |
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| is a general ledger account used to accumulate and summarize the revenue and exenses for a period |
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| temporary capital accounts |
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| accounts that start an accounting period with zero balances are called |
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| errors discovered after posting has taken place require |
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| periodic report prepared by a business to test the equality of total debits and total credits int he ledger us called a |
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| transferring data from the journal to the ledger |
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| writing 190 as 19 or 1900 |
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| recording a business transaction |
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any type of business paper that verifies that a transaction occured |
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| begins Jan 1st and ends Dec 31st |
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| various activities a business completes to organize its accounting records in an orderly fashion |
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| all purpose journal used for recording business transactions |
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| business organization that must get permission from the state to operate |
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| business that produces items to sell to individuals and other businesses is known as a |
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| business entity account assumption |
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| business owner must keep the financial records for the business separate from personal records |
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| business that two or more agree to own together |
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| going concern accounting assumption |
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| the accountant prepares reports as thought the business will operate indifinitely |
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