| A | B |
|---|
| Work Sheet | A working paper used to collect information from ledger accounts for use in completing end-of-fiscal-period work |
| Ruling | A single line drawn under a column of figures to signify that the entries above the rule are to be added or subtracted; a double rule under an amount signifies a total |
| Matching Principle | Principle stating that expenses are compared to revenues for the same period |
| Net Income | The amount of revenue that remains after expenses for the period are subtracted |
| Net Loss | The amount by which total expenses exceed total revenue |
