| A | B |
|---|
| capital stock | Total shares of ownership in a corporation |
| accounts receivable ledger | A subsidiary ledger containing only accounts for charge customers |
| corporation | An organization with the legal rights of a person and which may be owned by many persons. |
| contra account | An account that reduces a related account on a financial statement. |
| dividend | Earnings distributed to stockholders. |
| subsidiary ledger | A ledger that is summarized in a single general ledger account. |
| merchandise inventory | The amount of goods on hand for sale to customers. |
| share of stock | Each unit of ownership in a corporation. |
| vendor | A business from which merchandise is purchased or supplies or other assets are bought. |
| schedule of accounts receivable | A listing of customer accounts, account balances, and total amount due from all customers. |
| sales journal | A special journal used to record only sales of merchandise on account. |
| list price | A special journal used to record only sales of merchandise on account. |
| controlling account | An account in a general ledger that summarizes all accounts in a subsidiary ledger. |
| special amount column | A journal amount column headed with an account title. |
| salvage value | The amount an owner expects to receive when a plant asset is removed from use. |
