Accounting Vocabulary Terms
as of Wednesday December 14, 2005

Chapters 13 - 17
  1. Payroll register (p. 322)
  2. Withholding allowance (p.317
  3. Net pay (p. 323)
  4. Employee earnings record (p.324)
  5. Federal and state unemployment tax (p. 346)
  6. Inventory (p. 376)
  7. How is your purchases account related to the merchandise inventory account?
  8. Gross profit on sales (p. 402)
  9. Distribution of net income statement (p. 410)
Chapters 10, 11, and 12
  1. Merchandise (p. 222)
  2. Retail merchandising business (p. 222)
  3. Wholesale merchandising business (p. 222)
  4. Cost of merchandise (p, 223)
  5. Markup (p. 223)
  6. Vendor (p. 223)
  7. Purchase invoice (p. 225)
  8. Schedule of accounts payable (p. 281)
  9. Special journals-- What kinds of transactions are each of the following journals used for: cash payments journal, cash receipts journal, purchases journal, sales journal, and general journal? (Chapter 12)
Chapters 6-9
  1. Accounting (p. 4)
  2. Accounting records (p. 4)
  3. Service business (p.6)
  4. Proprietorship (or Sole Proprietorship) (p. 6)
  5. Accounting Equation (p. 7)
  6. Transaction (p. 9)
  7. Account balance (p. 9)
  8. Account (p. 9)
  9. Balance sheet (p. 13)
  10. Journalizing (p. 64)
  11. Journal (p. 97)
  12. Ledger (p.97)
  13. Entry (p. 66)
  14. Double-entry accounting system (p. 66)
  15. Source document (p. 66)
  16. Sales invoice (p.66)
  17. Check (p.67)
  18. Memorandum (p. 68)
  19. Receipt (p. 68)
  20. Posting (p. 101)
  21. Proving cash (p. 109)
  22. Checks--blank endorsement, special endorsement, restrictive endorsement, postdated check, dishonored check (p, 121)
  23. Fiscal period (p. 150)
  24. Trial balance (p. 151)
  25. Income statement (p. 160)
  26. Net income, net loss (162)
  27. Adjusting entries (p. 192)
  28. Balance sheet -- permanent accounts, temporary accounts (p. 197)
  29. Closing entries (p. 197)
  30. Post-closing trial balance (p. 207)
     
Classifications of Accounts -- Chapters 1-5
  1. Assets (p. 7)
  2. Liabilities (p. 7)
  3. Capital/Owners' Equity (p. 7)
  4. Revenue (p. 26)
  5. Expenses (p. 26)
  6. Drawing account (p. 28)
  7. Account Receivable
  8. Account Payable