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 .... Journal entries are entered in .... Once t

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