| A | B |
|---|
| Writing Off an Account | Canceling the balanc eof a customer account because the customer does not pay. |
| Assessed Value | The value of an asset determined by tax authorities for the purpose of calculating taxes. |
| Gain on Plant Assets | Revenue that results when a plant asset is sold for more than book value. |
| Loss on Plant Assets | The loss that ersults when a plant asset is sold for less than book value. |
| Personal Property | All poroperty not classified as real property. |
| Plant Asset Record | An accounting form on which a business records information about each plant asset. |
| Real Property | Land and anything attached to it. |
