Term
|
Definition
| journal entries recorded to update general ledger accounts at the end of a fiscal period |
|
|
Term
|
Definition
| accounts used to accumulate information from one fiscal period to the next |
|
|
Term
|
Definition
| accounts used to accumulate informaiton until it is transerred to the owner's capital account |
|
|
Term
|
Definition
| journal entries used to prepare tempoary accounts for a new fiscal period |
|
|
Term
| Post-Closing Trial Balance |
|
Definition
| a trial balance prepared after the closing entries are posted |
|
|
Term
|
Definition
| the series of accounting activies included in recording financial information for a fiscal period |
|
|
