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The account; accounting for business transactions; double entry accounting; recording transactions; the trial balance; decision guidelines

account 65

The record of the changes that have occurred in a particular asset, liability, or stockholders' equity during a period. The basic summary device of accounting.

accrued liability 66

A liability for an expense that has not yet been paid by the company.

cash 65

Money and any medium of exchange that a bank accepts at face value.

chart of accounts 90

List of a company's accounts and their account numbers.

credit 77

The right side of an account.

debit 77

The left side of an account.

journal 80

The chronological accounting record of an entity's transactions.

ledger 81

The book of accounts and their balances.

posting 64

Copying amounts from the journal to the ledger.

transaction 64

Any event that has a financial impact on the business and can be measured reliably.

trial balance 87

A list of all the ledger accounts with their balances.

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