"Glencoe Accounting: Real-World Applications & Connections," Vocabulary from Chapter 10

This list focuses on completing the accounting cycle for a sole proprietorship (Unit 2, Chapter 10).

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. entry
    an item inserted in a written record
  2. reduce
    make smaller
  3. complete
    come or bring to a finish or an end
  4. income
    the amount of money one makes over a period of time
  5. summary
    a brief statement that presents the main points
  6. compound
    composed of more than one part
  7. similar
    having the same or nearly the same characteristics
  8. procedure
    a particular course of action intended to achieve a result
  9. require
    need as useful, just, or proper
  10. audit
    an inspection of accounting procedures and records
  11. internal
    occurring within an institution or community
  12. external
    coming from the outside
  13. regulation
    an authoritative rule
  14. specialization
    the line of work you have adopted as your career
  15. closure
    termination of operations
Created on Wed Oct 19 16:51:08 EDT 2016 (updated Fri Oct 21 17:43:21 EDT 2016)

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