Contains
- audit
An inspection of the accounting procedures and records by a trained accountant or CPA.
- entry
A written record of a commercial transaction.
- review
(accounting) a service (less exhaustive than an audit) that provides some assurance to interested...
- control account
An account that shows totals of amounts entered in a subsidiary ledger.
- debit side
Account of payments owed; usually the left side of a financial statement.
- credit side
Account of payments received; usually the right side of a financial statement.
- cash basis
A method of accounting in which each item is entered as payments are received or mad...
- accrual basis
A method of accounting in which each item is entered as it is earned or incurred regardless...
- pooling of interest
An accounting method used in the merging of companies; the balance sheets are...