Accounting Principles |
Common terms and phrases
Accounts Payable Accounts Receivable Accumulated activities additional adjusting allowance amount analysis answer assets assume balance sheet bank beginning bonds capital cash flows chapter closing column common stock Company completed computed corporation cost debit Debit Credit December 31 Department depreciation Describe Determine difference direct discount discussed dividends effect enterprise entry equipment estimated example Exercise expense factory overhead fiscal fixed illustrate income statement income tax increase indicated Instructions Insurance interest inventory investment issued journal July June ledger liabilities loss manufacturing materials merchandise method month OBJECTIVE Office operating paid payable payment period plant assets preferred Prepaid Prepare presented Problem profit Purchases receivable recorded Rent reported retained earnings Salaries selling shares sold stockholders subsidiary Supplies transactions units variable costs voucher