会计英语名词解释.docxVIP

会计英语1.Business --------- organization which make the use of basic resources (input) to provide goods or services (outputs) to customers.2.Assets _____ resources owned by business.3.liabilities_____ debts owed to outsiders (creditors). (first)4. Owner`s Equity _____ owners right to the assets of the business. (residual)5.Business transactions ------- such economic events directly changes an entity’s financial condition or directly affects its results of operations.6.withdraw -------- are considered a distribution of capital to the owner7.Account _____ show the increases and decreases in each financial statement item in a separate record.8.Ledger _____ a group of accounts for a business entity.（complete set of accounts for a business entity. ）9.Account _____ show the increases and decreases in each financial statement item in a separate record.10.Ledger _____ a group of accounts for a business entity.（complete set of accounts for a business entity.11.Chart of account _____ a listing of the accounts in the ledger.12.T account _____ account resemble the letter “T”.13.Debit / Credit (side) _____ the left side of all accounts is the debit side, and the right side is the credit side.14.Journal _____ transaction is initially entered in a record called a journal. (chronological record of all business transactions.)15.Journalizing _____ the process of recording a transaction.16.Journal entry _____ the form of recording the transaction.17.Posting _____ the process of transferring the debits and credits from the journal entries to the accounts.18.General ledger ______ book used to list all accounts established by an organization.19.Subsidiary ledger _____ further simplification of the general ledger.20.Trial Balance:Definition _______ The proof of the equality of the debit and credit balances21. Cycle:Definition _____ begins with analyzing and journalizing transactions and ends with summarizing and reporting these transactions.22. sheet :Definition ____ is a working paper that