Recording, Planning, Analyzing, and Interpreting Financial Information​

These are the two things that make one’s assets​

This is the act of recording transactions in a journal​

This is an entry in the journal that corrects an error​

A Term for an Arrangement for One Business to buy now and pay later​

An accounting device used to analyze transactions​

This is a business paper from which information is obtained for a journal entry​

This is what a group of accounts is called​

A person or business to whom a liability is owed​

This is a list of accounts used by a business​

A business paper ordering a bank to pay cash from a bank account​

This is the procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current.​

This is the standards and rules that accountants follow

Amounts to be received in the future due to the sale of goods or services is called this​

A source document for recording a sale on account​

Writing an account title and number on the heading of an account is called-​

A business run by one person​

Amounts to be paid in the future for goods or services already acquired is known as-​

This is a business form giving written acknowledgment for cash received​

This is the act of transferring information from a journal entry to a ledger account​