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Financial Statements
Accounting Vocabulary
100
A record summarizing all the information pertaining to a single ite in the accounting equation.
What is an account?
200
statement of financial positioning.
What is one basic statement?
200
An amount recorded on the left side.
What is a debit?
300
A business form ordering a bank to pay cash from a bank account.
What is a check?
400
A bank account from which payments can be ordered by a depositor.
What is a checking account?
500
A report of deposits, withdrawals, and bank balances sent to a depositor by a bank.
What is a bank statement?