"Glencoe Accounting: Real-World Applications & Connections," Vocabulary from Chapter 5

This list focuses on transactions that affect revenue, expenses and withdrawals (Unit 2, Chapter 5).

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. temporary
    lacking continuity or regularity
  2. permanent
    continuing or enduring without marked change in status
  3. revenue
    the entire amount of income before any deductions are made
  4. recognition
    the state or quality of being acknowledged
  5. equipped
    provided with whatever is necessary for a purpose
  6. process
    a particular course of action intended to achieve a result
  7. task
    any piece of work that is undertaken or attempted
  8. record
    a document that can serve as legal evidence of a transaction
  9. summarize
    briefly present the main points of something
  10. separate
    arrange or order by classes or categories
  11. classify
    arrange or order by categories
  12. apply
    ensure observance of laws and rules
  13. affect
    have an influence upon
  14. equality
    the quality of being the same in quantity, value, or status
  15. monitor
    check, track, or observe by means of a receiver
Created on Wed Oct 19 16:35:28 EDT 2016 (updated Fri Oct 21 17:41:37 EDT 2016)

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