Accounting Terms

8. percentage / percentage relationship between one financial statement item and the total that includes that item.
9. / a form on which a brief message is written describing a transaction.
11. / signature or stamp on back of a check transfering ownership.
12. statement / a financial statement showing the revenue and expenses for a fiscal period.
14. / any person,s or group who will be affected by an action.
17. journal / a special journal used to record only purchases of merchandise oon acct.
19. report / report of credit card sales produced by a point of sale terminal.
20. tax / a tax on a sale of merchandise

1. business/ bussiness that performs an activity for a fee.
2. / an amount owed by a business.
3. / changes recorded on a worksheet to update general ledger accts. at end of fiscal period.
4. cash / amount of cash kept on hand and used for making small payments.
5. / business owned by 1 person
6. / an increase in owner's equity resulting from the operation of a business.
7. / a form describing the good and services sold, quantity, and price.
10. / amount added to the cost of merchandise to establish the selling price.
13. period / length of time for which a businesssummarizes and reports financial info.
15. / financial rights to the assets of a business.
16. summary / report that summarizes the cash and credit card sales of a point-of-sale terminal.
18. / the acct. used to summarize the owner's equity in a business.