| A | B |
|---|
| Adjustments | Changes recorded on a work sheet to update general ledger accounts at the end of a fiscal period. |
| Balance Sheet | A financial statement that reports assets, liabilities, and owner's equity on a specific date. |
| Fiscal Period | The length of time for which a business summarizes and reports financial information. |
| Income Statement | A financial statement showing the revenue and expenses for a fiscal period. |
| net income | The difference between total revenue and total expenses when total revenue is greater. |
| net loss | The difference between total revenue and total expenses when total expenses is greater. |
| Trial Balance | A proof of the equality of debits and credits in a general ledger. |
| Work Sheet | A columnar accounting form used to summarize the general ledger information needed to prepare financial statements. |
| Bank Statement | A report of deposits, withdrawals, and bank balances sent to a depositor by a bank. |
| Endorsement | A signature or stamp on the back of a check transferring ownership. |
| Debit Card | A bank card that, when making purchases, automatically deducts the amount of the purchase from the checking account fo the cardholder. |
| Electronic Funds Transfer | A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents. |
| Code of Conduct | A statement that guides the ethical behavior of a company and its employees. |
| Dishonored Check | A check that a bank refuses to pay. |
| Postdated Check | A check with a future date on it. |
| Restrictive Endorsement | An endorsement restricting further transfer of a check's ownership. |
| Special Endorsement | An endorsement indicating a new owner of a check. |
| Petty Cash | An amount of cash kept on hand and used for making small purchases. |
| Petty Cash Slip | A form showing proof of a petty cash payment. |
| Blank Endorsement | An endorsement consisting only of the endorser's signature. |
