Account: account. a record or statement of financial expenditure or receipts to a
particular period or purpose bankers: Owner of a bank or person who is dedicated to the banking business. Paying: Delivery of a money or species that is owed. Debit: an entry in the accounts of an entity that increases an asset or expense. Creditor: is that person, physical or legal, who is legitimately authorized to demand payment or fulfillment of an obligation previously contracted. Cash: money that is immediately available Depreciate: the method for allocating the cost of a fixed asset to the time periods in which it is being used. Adjust: alter or move the trial balance slightly in order to comply with generally accepted accounting principles. Assets: property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies. Liability: an obligation or debt of an amount, that can be measured, belonging to a particular entity. Share holders equity: a calculation of the Amount of money left over if all of the Assets of the company are settled and all Liabilities are paid