The series of accounting activities included in recording financial info, for a fiscal period

Journal entries used to prepare temporary accounts for a new fiscal period

Earnings distributed to stockholders are called

Total shares of ownership in a corporation is called retained earings

Assets that will be used for a number of years in the operation of a business

A list of customer accounts, account balances, and total amount due from all customers

Perpetual inventory is the same thing as periodic inventory

Gross profit is the amount of revenue before taxes

An example of an indirect expense

what is a length of time for which a business summarizes and reports financial information

Electronic funds transfer all but what

A pay period is a period covered by a ________ salary payment

The total amount earned by all employees for a pay period

The total amount earned by all employees for a pay period is called a salary

The report that summarizes the cash and credit card sales of a point-of-sale terminal

Sales discount is a sales discount on sales

Source document prepared by the vendor showing the amount deducted for returns and allowances

A deduction that a vendor allows on the invoice amount to encourage prompt payment

Transferring transaction information from a journal entry to a ledger account

Departmental accounting system is a business that purchases and sells goods

Arranging accounts in a general ledger, assigning account numbers, and keeping records current

A record summarizing all the information pertaining to a single item in the accounting equation

Information about business transaction is obtained from original business papers

Financial rights to the assets of a business are called equities

Anything with value is owned is called?