1
A financial statement that reports the profitability of business operations for a specific period of time.
2
A financial statement that reports the profitability of business operations for a specific period of time.
3
The normal balance of liability, owner's equity, and revenue accounts.
4
The side of an account that is increased.
5
A financial statement that reports the assets, liabilities, and owner's equity of a specific date in time.
6
The normal balance of asset, expense, and drawing accounts.
7
A list of all accounts, showing the title and balance of each account, used to prove that the sum of the debits equals the sum of the credits.
8
Something owed to another business.
9
The total dollar amounts on the debit and credit sides of an account.
10
The difference between the footings of an account.
11
Withdrawals that reduce owner's equity as a result of the owner taking cash or other assets out of the business for personal use.
12
To enter an amount on the right side of an account.
13
A item that is owned by a business and will provide future benefits.
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