Table of Contents A ABC Inventory System Abnormal Spoilage Accelerated Depreciation Account Accounting Cycle Accounting Equation Accounting Period Accounts Payable Accounts Receivable Accounts Written Off Accrual Basis of Accounting Accruals Accrued Expenses Adjunct Account Adjusted Trial Balance Adjusting Entries Assets B Bad Debts Expense Balance Per Bank Balance Per Books Balance Sheet Balance Sheet Account (See Balance Sheet) Bank Balance Bank Charges Bank Overdraft Bank Reconciliation Bank Statement Book Value C Capital Cash and Cash Equivalents Cash Flow Statement Cash Method of Accounting Cash Over & Short Account Cash Payments Journal Cash Receipt Cash Receipts Journal Change in Net Assets Chart of Accounts Clearing Account Contra Account Contribution Margin Control Account Correcting Entry Cost of Goods Sold Credit Balance Credit Purchases Credit Sales Creditor Credit Terms Current Assets Current Liabilities Current Ratio D Debits & Credits Double-Entry Accounting System E Equity F Financial Statements Fixed Assets Fixed Costs/Expenses G General Journal General Ledger Gross Margin/Profit I Income Income from Operations Income Statement Income Statement Account Income Summary Account Income Tax Expense J Journal Journal Entry L Liability Ledger M Manual Accounting System N Net Assets Non-Current Assets Non-Current Liabilities Net Income/Profit O Operating Income Operating Expenses Owners Capital Owners Drawings Account Outstanding Checks P Permanent Accounts Petty Cash P&L Prepaid Expense Profit & Loss Statement R Recording Customer Transactions Recording Supplier Transactions Revenue S Samples Sales Journal Selling & Administrative Expenses Source Document Statement of Activities Statement of Cash Flows Statement of Income Subsidiary Ledger/Accounts Supplier Accounts Suppliers T T-Account Temporary Accounts Trial Balance U Unadjusted Trial Balance Uncleared Check Uncollectible Accounts Expense Undeposited Checks Unpresented Checks V Variable Costs/Expenses W Working Capital Write Off Write Down