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Accounts Payable
Journal Entries
Trial Balance
Transaction
Liabilities
Inventories
Posting
Journal
Credit
Ledger
Equity
Assets
Debit
Sales
Cash

Balance
Income
Revenue
Expense
Capital
Asset
Liability
Net Income
Loss
Profit
Sales
Money
Depreciation
Cash
Payable
Equity

Quickly converts assets into cash
Withdraw money for personal use
The profit of a company after operating expenses and all other charges including taxes, interest and depreciation have been deducted from total revenue.
compensation paid to employees for work for a company during a period of time.
A detailed account that records all financial transactions
A long term loan a company can take
A book in which receipts and payments of money are recorded
The difference between the value of assets and the value of liabilities of something owned.
A financial report that summarizes a company's assets and liabilities
Collection of related financial information such as expenditures, accounts receivable, revenues and accounts payable.
an intangible asset that arises when a buyer acquires an existing business.
It is a document that provides payment was made
Substantial Items owned by the business that are expected to last several years
Money borrowed from a lender and usually repaid with interest
an obligation arising from a past business event
monetary asset purchased with the idea that the asset will provide income in the future or will later be sold at a higher price for a profit.
It is any cost incurred by the business

Intangible assets
Depreciation
Gross profit
Prepayment
Accrual
Net profit
Inventory
Cost of goods sold
Revenue income
Non-current assets
Working capital
Net assets
Current liabilities
Return on Capital Employed
Mark-up
Liquidity
Net profit margin
Liquid capital ratio
Trade payable days
Inventory turnover
Trade receivable days
Gross profit margin
Current ratio
Debtor

Business transactions
Accounts Receivable
Advertising Expense
Accounts payable
Cash in the bank
Income statement
Closing entries
General journal
Bank statement
Balance sheet
Owners equity
Trail Balance
Cash receipt
Rent expense
Liabilities
Memorandum
Net income
On account
T-account
Withdrawl
Net loss
Revenue
Assets
Credit
Ledger
Debit

articles of incorporation
accounts payable ledger
cash payments journal
general amount column
controlling account
perpetual inventory
purchase on account
periodic inventory
purchases discount
subsidiary ledger
purchase invoice
discount period
special journal
contra account
trade discount
capital stock
cash discount
terms of sale
credit limit
due date
capital
vendor

cash discount
list price
Purchase return
Cash payment journal
merchandise
markup
trade discount
Vendor
Contra Account
purchase invoice
Terms of sale
Purchase journal
General journal
General Ledger
historical cost
Revenue
Source Document
purchase discount
purchases on account
debit memo
corporation
stock holder
share of stock

purchase invoice
special journal
accounts payable ledger
subsidiary ledger
articles of incorporation
controlling account
credit limit
vendor
capital
due date
cash discount
contra account
discount period
cash payments journal
general amount column
trade discount
periodic inventory
perpetual inventory
purchases discount
terms of sale
capital stock
purchase on account

basic accounting equation
bank reconciliation
sole proprietorship
payroll register
accounts payable
free enterprise
general journal
signature card
income summary
owner's equity
general ledger
payroll clerk
balance sheet
journalizing
endorsement
partnership
withdrawals
liabilities
deductions
commission
retirement
allowances
expenses
revenue
closing
capital
income
salary
assets
credit
gross
wage
net

anything of value that is owned
an amount owed by a business
financial rights to the assets of a business
the amount remaining after the value of all liabilities is subtracted from the value of all assets
the owners’ equity in a corporation
an equation showing the relationship among assets, liabilities, and owners’ equity
business papers from which information is obtained for a journal entry
a form for recording transactions in chronological order
a journal used to record only one kind of transaction
a record that summarize all the transactions pertaining to single item in the accounting equation
a group of accounts
a ledger that contains all accounts needed to prepare financial statements
a ledger that is summarized in a single general account
an account in a general ledger that summarizes all accounts in a subsidiary ledger
the procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current
an accounting system showing accounting information for two or more departments
a business that purchases and sells goods
transferring transaction information from a journal entry to a ledger account
a form prepared by the customer showing the price deduction taken by the customer for a return or an allowance
an account that reduces a related account on a financial statement
a deduction that a vendor allows on the invoice amount to encourage prompt payment
when a company that has purchased merchandise on account takes a cash discount
an amount of cash kept on hand and used for making small payments
a form prepared by the vendor showing the amount deducted for returns and allowances
a cash discount on a sale taken by the customer
a specialized computer used to collect, store, and report all the information about a sales transaction
the amount paid to an employee for every hour worked