How can we help?

You can also find more resources in our Help Center.

accounting one . chapter 8 terms

STUDY
PLAY
adjusting entries
Journal entries recorded to update general ledger accounts at the end of a fiscal period
permanent accounts
Accounts used to accumulate information from one fiscal period to the next
temporary accounts
Accounts used to accumulate information until it is transferred to the owner's capital account
closing entries
Journal entries used to prepare temporary accounts for a new fiscal period
post-closing trial balance
A trial balance prepared after the closing entries are posted
accounting cycle
The series of accounting activities included in recording financial information for a fiscal period