Term
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Definition
| The record of the changes that have occured in a particular asset, a liability, or stockholders' equity during a period. The basic summary device of accounting. |
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Term
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Definition
| A liability for an expense that has not yet been paid by the company. |
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Term
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Definition
| Money and any medium of exchange that a bank accepts at face value. |
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Term
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Definition
| List of a company's accounts and their account number. |
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Term
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Definition
| The right side of an account |
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Term
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Definition
| The left side of an account. |
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Term
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Definition
| The chronological accounting record of an entity's transactions. |
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Term
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Definition
| The book of accounts and their balances. |
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Term
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Definition
| Copying amounts from the journal to the ledger. |
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Term
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Definition
| Any even that has a financial impact on the business and can be measured reliably. |
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Term
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Definition
| A list of all the ledger accounts with their balances. |
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Term
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Definition
| Debits are all Expenses, Assets, and Dividends. |
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Term
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Definition
| Cash, Accounts Receivable, Notes Receivable, Inventory, Prepaid Expenses, Land, Buildings, Equipment, Furniture, and Fixtures. |
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Term
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Definition
| Accounts Payable, Notes Payable, Accrued Liabilities. |
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Term
| Stockholders' (Owners') Equity |
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Definition
| Common Stock, Retained Earnings, Dividends, Revenues, Expenses. |
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