08 Oct Principles of Accounting 1 Credit
Principles of Accounting 1
Credit
Debit
Expenses
Ledger
Liabilities
Stockholders’ Equity
Stockholders’ right to the assets of the business.
Revenues
T Account
Common stock
An account representing the ownership rights of investors in a corporation
Retained Earnings
Dividends
Question 2Double-Entry Accounting System
Journal
Journal Entry
The form of recording a transaction in a journal.
Journalizing
Normal Balance of an Account
Rules of debit and credit
Two-Column Journal
Question 3Accounts Receivable
Four-Column Account
Posting
Unearned Revenue
Question 4Correcting Journal Entry
Horizontal Analysis
Slide
Transposition
Trial Balance
Unadjusted Trial Balance
Quiz
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