Capital | | Money paid to operate a business |
AccountingEquation | | Change in the accounting equation |
AccountNumber | | Form used to enter transactions in chronological order |
Posting | | Accounting software used by many small firms |
Revenue | | Company owned by one person |
Ledger | | Assets=Liabilities Owner's Equity |
Drawing | | A number given to an account |
Partnership | | Source document used when cash is paid |
Quickbooks | | A name given to an account |
Liabilities | | Left side of a T account |
Asset | | Money made from operating a business |
Contra | | Displays Assets, Liabilities, and Owner's Equity |
transaction | | Docoment used to write a description of transaction |
Memo | | Transferring information from journal to ledger |
Credit | | Right side of a T account |
Proprietorship | | Things that have value |
Expense | | Companies that owe you money |
Receipt | | Document used when cash is received from customer |
AccountsReceivable | | Owned by stockholders |
Check | | Account that goes against a related account |
Corporation | | A group of accounts-where transactions are summarized |
Debit | | When the owner takes money out of a business |
Journal | | Companies that you owe money to. |
BalanceSheet | | Two or more owners |
AccountTitle | | Account used to summarize Owner's Equity |