Bank Statement		The side of the accouint that is incerased.
Fiscal Period		The percentage relationship between on e financial statement item and the total that includes that item.
Component Percentage		The account used to summarize the owner's equity.
Invoice		A business in which two or more persons combine their assets and skills.
Asset		An ammount recorded on the left side of a T account.
Expense		A financial statement that reports assets, liabilities, and owner's equity on a specific date.
Opening An Account		A columnar accounting form used to summarize the general ledger information needed to prepare financial statements.
Partnership		Goods that a merchandising business purchases to sell.
Posting		A check that a bank refuses to pay.
Debit Card		Transferring information from a journal entry to a ledger account.
Journal		A report of deposits, withdrawls, and bank balances sent to a depositor by a bank.
Closing Entries		A bank card that, when making purchases, automatically deducts the amouint of the purchase from the checking account of the card holder.
Balance Sheet		A list of accounts used by a business.
General Jorunal		The amount added to the cost of merchandise to establish the selling price.
Trial balance		A business that performs an activity for a fee.
Sale On Account		A sale for which cash will be revieved at a later date.
Debit		A form describing the goods or services sold, the quantity, and the price.
Merchandise		The amount recorded on the left side of the T account.
Ledger		A proof of the equality of debits and credits in a general ledger.
Adjusting Entries		Journal entries used to prepare temporary accounts for a new fiscal period.
Equities		A grounp of accounts.
Withdrawls		The length of time for which a business summarizes and reports financial information.
Service Business		A journal with tow amount columns in which all kinds of entries can be recorded.
General Amount Column		Assets taken out of a business for the owner's personal use.
Dishonored Check		A decrease in owner's equity resuilting from the operation of a business.
Chart Of Accounts		Writing an account title and number on the heading of an account.
Markup		An increase in owner's ewuity resulting from the operation of a business.
T Account		Anything of value that is owned.
Memorandum		Jornal entries recorded to update general ledger accounts at the end of a fiscal period.
Accounting Cycle		A form for recording transactions in chronological order.
Normal Balance		A form on which a brief message is written describing a transaction.
Revenue		Financial rights to the assets of a business.
Credit		An accounting device used to analyze transactions.
Work Sheet		A journal amount column that is not headed with an account title.
Capital		The series of accounting activities included in recording financial information for a fiscal period.