is the detailed recording of all financial transactions in a business
uses book keeping records to oreosre financial statements and help with decscion making
shows he assets nd liabilities of a business on a certain date
total resources provided by th owner and representes what the owner owes the business
represents anything owed by or owing to the business
represnts anything owed by the business
assets = captal + liabilities
the process of making a debit entry and a credit entry for each transaction
any value taken from the business by the owner of that business
a list of balances on the accounts in th ledger at a crtain date
when the correct amount is entered on th correct side but in the wrong account of the same class
when te wrong amount is used when a transaction is first entered in te accounting records
when correct ammount is entered i the correct side but the wrong class of accounts
when a transaction is completely ommitted and not recorded
when the correct amount is entered in the correct accoun but entry has been made on the wrong side
when two or more errors cancel each other out
used torecord low value cash payments
its where the amountspent on petty csh is restores so that the petty cashier starts esch period with the sme amount
a document issued by the supplier of groods on cedit showing details, quantaties and pirces of goods supplied
a doccument issued by a purchaser of goods on credit to requet a reduction in the incoice made
a document isssed by the supplier of god on credit to notify a redction in an invoice previously issues
a document issued by the seller of goood to sumarize th transactions for the month
a wriiten order to a bank to pay a sttedsum of money to the prson or business named on the order
a written acknowledgement of money received and acts a proof of paymet