Term
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Definition
| the length of time for which a business summarizes and reports financial information |
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Term
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Definition
| a columnar accounting form used to summarize the general ledger information needed to prepare financial statements |
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Term
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Definition
| a proof of the equality of debits and credits in a general ledger |
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Term
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Definition
| changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period |
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Term
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Definition
| a financial statement that reports assets, liabilities, and owner's equity on a specific date |
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Term
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Definition
| a financial showing the revenue and expenses for a fiscal period |
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Term
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Definition
| the difference between total revenue and total expenses when total revenue is greater |
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Term
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Definition
| the difference between total revenue and total expenses when total expenses are greater |
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