| A | B |
|---|
| Check | Orders a bank to pay cash from a bank account |
| Double-entry Accounting | Recording debit and credit parts of a transaction |
| Entry | Information for each transaction in a journal |
| General Amount Column | A journal column that is not headed with an account title |
| Journal | A form for recording transactions in chronological order |
| Source Document | A business paper from which information is obtained for a journal entry |
| Accounting Equation | Assets=Liabilities + Owner's Equity |
| Chart of Accounts | A list of accounts used by a business |
| Expense | A decrease in owner's equity resulting from the operation of a business |
| Withdrawals | Assets taken out of a business for the owner's personal use |
| Revenue | An increase in owner's equity resulting from the operation of a business |
| Transaction | A normal business activity that changes assets, liabilities, or owner's equity |
| Proprietorship | A business owned by one person |
