| A | B |
|---|
| Chart of Accounts | A list of accounts and account numbers. |
| Assets | resources that a company owns. |
| Liabilities | Amounts a company owes to others. |
| Owners Equity (Stockholders' Equity) | Represents the net worth of a business. |
| Sole Proprietorship | An unincorporated business with one owner. |
| Partnership | An unincorporated busienss with more than one owner. |
| Corporation | An incorporated busienss with one or more owners. |
| Income Accounts | Record sales to cusotmers and other revenues earned by the company. |
| Expense Accounts | Record costs that ahve expired or been cosnumed in the process of generating income. |
| Non-Posting Accounts | Accounts that do not appear on the Balance Sheet or Inocme Statement. |
| Purchase Orders | Documents that track items that have been ordered from suppliers. |
| Estimates | Bids or proposals submitted to customers. |
| Customer List | Provides information about customers, such as customer name, customer number, address, and contact information. |
| Vendor List | Provides information about vendors, such as vendor name, vendor number, and contact information. |
| Employee List | Provides ifnormation about employees for payroll purposes including name, Social Security number, and address. |
| Item List | Provides ifnormation about the items or services sold to customers, such as hour worked and types of items. |
| Payroll Item List | Tracks detailed information about payroll, such as payroll taxes and payroll deductions. |
| Class List | Permits income to be tracked according to the specific source (class) or income. |
