"Glencoe Accounting: Real-World Applications & Connections," Vocabulary from Chapter 20

This list focuses on completing the accounting cycle for a merchandising corporation (Unit 4, Chapter 20).

Here are links to all the chapters of Unit 4, The Accounting Cycle for a Merchandising Corporation: Chapter 14, Chapter 15, Chapter 16, Chapter 17, Chapter 18, Chapter 19, Chapter 20, Chapter 21

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. account
    a statement of recent transactions and the resulting balance
  3. temporary
    lacking continuity or regularity
  4. permanent
    continuing or enduring without marked change in status
  5. retain
    secure and keep for possible future use or application
  6. process
    a particular course of action intended to achieve a result
  7. adjust
    make correspondent or conformable
  8. consist
    be composed of
  9. analyze
    make a mathematical, chemical, or grammatical study of
  10. corporation
    a business firm recognized by law as a single body
  11. term
    a word or expression used for some particular thing
  12. description
    a statement that represents something in words
  13. task
    a specific piece of work required to be done
  14. zero
    the mathematical symbol 0 denoting absence of quantity
  15. balance
    the difference between the credit and debit of an account
Created on Wed Oct 19 17:12:24 EDT 2016 (updated Fri Oct 21 17:37:50 EDT 2016)

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