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Account
Entry/events
100
Place where you record items
What is account?
100
entry made to close out a temporary account and determine net income
What is closing entry?
200
time period between financial statement
What is accounting cycle?
200
recorded effect of an accounting event
What is Journal entry?
300
informal representation of a general ledger account
What is T-account?
300
event that management wants to plan and evaluate
What is business event?
400
account with an opposite balance to the normal balance of its associated account
What is contra account?
500
assets, liability, or owner's equity whose balance is carried over from year to year.
What is permanent account?