Java Games: Flashcards, matching, concentration, and word search.

Chapter 8 Vocab

Acct. 1

AB
matching principleprinciple requiring that the expenses incurred in an accounting period are matched with revenue earned in the same period
net incomethe amount by which total revenue exceeds total expenses for the accounting period
net lossthe amount by which total expenses exceed total revenue for the accounting period
rulingdrawing a line;a single rule (line) drawn under a column of figures indicated that the entries above the ru;e are to be added or subtracted. If an amount is a total and no further processing is needed, a double rule is drawn under it
work sheeta working paper used to collect information from the ledger accounts for use in completing end of period activities


Teacher
Coral Springs Charter School
Coral Springs, FL

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