| A | B |
|---|
| Accrued expenses | Expenses incurred in one fiscal period but not paid until a later fiscal period |
| Accrued Interest Expense | Interest incurred but not yet paid. |
| Accrued Interest Income | Interest earned in one fiscal period but not received until a later fiscal period. |
| Intellecutal Property | Any product that is protected by patents, trademarks, and copyrights. |
| Reversing Entry | An entry made at the beginning of one fiscal period to reverse an adjusting entry made in the previous fiscal period. |
| Accured Revenue | Revenue earned in one fiscal period but not received until a later fiscal period. |
| Current Ratio | A ratio that shows the numeric relationship of current assets to current liabilities. |
| Long-Term Liabilities | Liabilities owed for more than a year. |
| Working Captial | The amount of total current assets less total current liabilities. |
