"Glencoe Accounting: Real-World Applications & Connections," Vocabulary from Chapter 4

This list focuses on transactions that affect assets, liabilities, and owner's capital (Unit 2, Chapter 4).

Here are links to all the chapters of Unit 2, The Basic Accounting Cycle: Chapter 3, Chapter 4, Chapter 5, Chapter 6, Chapter 7, Chapter 8, Chapter 9, Chapter 10, Chapter 11

Here are links to all the units of the first-year accounting textbook published by McGraw-Hill: Unit 1, Unit 2, Unit 3, Unit 4, Unit 5, Unit 6, Appendixes
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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. ledger
    a record in which commercial accounts are recorded
  3. entry
    a written record of a commercial transaction
  4. debit
    an accounting entry acknowledging sums that are owing
  5. credit
    an accounting entry acknowledging income or capital items
  6. normal
    conforming with a standard, level, or type
  7. balance
    the difference between the credit and debit of an account
  8. physical
    having substance or material existence
  9. exceed
    be or do something to a greater degree
  10. increase
    become bigger or greater in amount
  11. decrease
    lessen in size, extent, or range
  12. method
    a way of doing something, especially a systematic way
  13. demonstrate
    provide evidence for
  14. efficient
    being effective without wasting time, effort, or expense
  15. analyze
    make a mathematical, chemical, or grammatical study of
Created on Wed Oct 19 16:33:26 EDT 2016 (updated Fri Oct 21 17:40:24 EDT 2016)

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