Professional Documents
Culture Documents
Terms
Terms
accounting
accountant
account
accounting cycle
debit
credit
transaction
general journal
ge
journal entry
j
adjusting entry
ad
closing entry
ledger
post
trial balance
income summery
in cash
on credit
deposit
with draw
borrow
trade discount
cash discount
prepare
merchandise
income statement
sales
sales discount
net sales
beginning inventory
beginni
purchases
purchases
purchases discount
purcha
net purchases
n
transportation in
tran
ending inventory
endi
Gross profit
operation expenses
operati
selling expenses
sell
transportation out
transp
other revenue
ot
rent revenue
r
interest revenue
inte
dividends
other expenses
oth
interest expenses
inter
bad debts
net income
net loss
balance sheet
b
assets
current assets
cu
cash
marketable securities
marketab
accounts receivable
accoun
notes receivables
note
fixed assets
accumulated depreciation
accumulated
prepaid expenses
prep
accrued revenues
accru
liabilities