Term
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Definition
| The side where increases in the account are recorded. |
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Term
| Accounts with normal balance on debit side |
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Definition
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Term
| Accounts with normal balance on credit side |
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Definition
Liabilities
Common Stock
Retained Earnings
Revenues |
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Term
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Definition
Evidence of a transaction such as:
Sales slip
Check
Bill
Cash register tape |
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Term
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Definition
| Where the complete effect of a transaction is recorded chronologically |
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Term
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Definition
| Contains all assets, liabilities, stockholders' equity, revenue, and expense accounts |
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Term
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Definition
| The procedure of transferring journal entry amounts to ledger accounts |
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Term
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Definition
| Lists accounts and their balances at a given time |
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