Study Guide for Use with Financial Accounting |
Common terms and phrases
accounting principles accounting records Accounts Payable Accounts Receivable adjusting entry Allowance for Doubtful amortized ance balance sheet bank Bond Interest bonds payable book value capital stock carrying value cash flows cash payments cash receipts column common stock Completion Statements Fill computed corporation count customers decrease deduction depreciation expense Discount on Notes dollar earnings per share employees ending inventory equity exchange rate financial statements gains gross profit historical cost income statement Income Summary income tax increase interest expense internal control inven investment investors invoice issued journal entry ledger accounts loss market value ment merchandise method net income Notes Payable Notes Receivable owners paid payroll plant assets prepared present value ratio recognized retained earnings revenue and expenses sold space provided statement of cash stock dividend subsidiary taxable income tion total assets Total liabilities transactions Treasury stock trial balance True or False