Business English Lesson – Advanced Level''''s archiveAccounting terms pot

Business English Lesson – Advanced Level's archive Accounting terms 1. The customary manner in which a business analyzes and records its is by first entering them into a journal. transactions communications dealings ventures 2. Journal entries are entered in order, meaning by date, with the earliest date first. sequential numerical chronological successional 3. Once the transactions have been entered into the journal they are or transferred into their individual General Ledger accounts. noted lifted allocated posted 4. All increase with a debit entry and decrease with a credit entry. advantages associates assets assurances 5. Liabilities either have a credit or no at all. scale balance debit debut 6. Capital accounts represent the owner's worth in the business. equity value hammock net 7. accounts are accounts for your sources of business-generated income. liability revenue balance drawing 8. The is the difference between what a business pays for an item wholesale and what the business sells it for retail. markup makeup makeshift moreover 9. An accounts payable shows how much you owe each of your vendors. lecture leeway ledger manual 10. Accounts shows how much money your customers owe you. incoming receivable obtainable collectable . Business English Lesson – Advanced Level's archive Accounting terms 1. The customary manner in which a business analyzes and records its is by. Capital accounts represent the owner's worth in the business. equity value hammock net 7. accounts are accounts for your sources of business- generated income. liability revenue balance. liability revenue balance drawing 8. The is the difference between what a business pays for an item wholesale and what the business sells it for retail. markup makeup makeshift moreover 9.