Public Accounting and Auditing... |
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Common terms and phrases
accounts receivable accrued actual addition allowed amount appear assets audit auditor authorized Balance Sheet bank beginning bills bonds buildings capital Capital Stock cash certificate charged claim close concern considered contract controlling corporation cost count customers debit debt deducted depreciation determine discount entered entry expenses fact firm fixed hand included income interest inventory investments issued journal known land ledger less liabilities machinery Manufacturing material merchandise method mortgage necessary notes receivable operation original paid payable payment period person practice preferred prepared principal profit Profit and Loss proper purchased reason receipts record represents reserve result securities selling shares shown sold statement taken term THEORY trade transactions Trial Balance trustee usually XX XXXX XXXXX