accountA record that is kept for each asset, liability, equity, revenue, expense, and dividend component of an entity
chart of accountsA listing of the accounts of an entity, along with any identification coding
control accountThe total of all subcomponent account records for an account; e.g., the sum of all individual accounts receivable
creditThe nature of an action to an account to indicate an increase (liabilities, equity, and revenue) or decrease (assets, expenses, and dividends); usually right-justified in an entry
debitThe nature of an action to an account to indicate an increase (assets, expenses, and dividends) or decrease (liabilities, equity, and revenue); usually left-justified in an entry
general ledgerA record of the accounts comprising financial statements, and their respective balances
journalA chronological listing of the transactions and events of an organization, in debit/credit format
journalizingThe process of recording transactions and events into the journal
postingThe process of transferring journal entry effects into the respective general ledger accounts
source documentA document evidencing a transaction or event and potentially providing for the initiation of a journal entry
subsidiary accountA subcomponent account record providing individual balance details; e.g., the record for one customer out of a group of customers comprising all accounts receivable
An abstract representation of an account, with the left side of the "T" representing debits and the right side credits
trial balanceA listing of account balances from the ledger, used to test the equality of debits and credits
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