word

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 returns and allowances

sales discount

net sales

pdf

cost of goods sold

cost o

beginning inventory
 beginni

purchases

purchases

purchases discount
purcha

net purchases
n

transportation in
tran

ending inventory
 endi

Gross profit

operation expenses
operati

pdf

selling expenses
sell

sales peoples salaries

sales peo

transportation out
transp

General and administrative

 General and ad

net income from operation

net income fro

other revenue
ot

rent revenue
r

interest revenue
inte

dividends

gain on sales of assets

 gain on sa

pdf

gain on disposal gain

other expenses
oth

interest expenses
inter

loss on sale of assets

loss on s

bad debts
 net income

net loss

balance sheet
b

statement of financial position

statement of finan

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