Accounting 1 (3)

Summary of the effects of all transactions related to a particular item over a period of time.

List of accounts and their balances.

Transfer balances from the journal to the general ledger

Record of all transactions affecting a company.

Determine the dual effect of business events on the accounting equation.

A simplified form of a general ledger account with space at the top for the account title, one side for recording debits, and one side for recording credits.

four types of financial statements