| A | B |
|---|
| Sales | Revenue |
| Sales Returns & Allowances | Negative Revenue |
| Purchases | Expense |
| Purchases Returns & Allowances | Negative Expense |
| Accounts Payable | Creditors |
| Accounts Receivable | Debtorsx |
| Accounts Payable | People from whom the business buys goods |
| Accounts Receivable | People to whom the business sells goods |
| Sales Journal Total | Credit |
| Purchases Journal Total | Debit |
| Invoice Received | Document for Purchases Journal |
| Invoice Sent | Document for Sales Journal |
| Credit Note Received | Document for Purchases Returns & Allowances Journal |
| Credit Note Issued | Document for Sales Returns & Allowances Journal |
| Ledger | The journals are posted here |
| Trial Balance | A list of all accounts and their balances |
