Accounting Chapter 4

Jerry N.
Key Terms & Concepts
15 words 4 learners

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Full list of words from this list:

words only definitions & notes
  1. chart
    a visual display of data or information
  2. calculate
    make a mathematical computation
  3. balance
    harmonious arrangement or relation of parts within a whole
  4. account
    a record or narrative description of past events
  5. ledger
    a record in which commercial accounts are recorded
  6. debit
    an accounting entry acknowledging sums that are owing
  7. credit
    an estimate of ability to fulfill financial commitments
  8. liability
    the state of being legally obliged and responsible
  9. asset
    a useful or valuable quality
  10. equity
    the quality of being fair, reasonable, or impartial
  11. capital
    a large alphabetic character used in writing or printing
  12. property
    something owned
  13. creditor
    a person to whom money is owed by a debtor
  14. payable
    subject to or requiring payment especially as specified
  15. receivable
    awaiting payment
Created on 十一月 15, 2010

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