Card Set Information
The Accounting Information Systems
The left side of an account.
A ledger that contains all asset, liability, stockholders' equilty, revenue, and expense accounts.
The basic form of an account.
The procedure of entering transaction data in the journal.
A list of a company's accounts.
Chart of accounts
The most basic form of journal
An individual accounting record of increases and decreases in specific asset, liability, stockholders' equity, revenue or expense items.
An accounting records in which transactions are initially recorded in chronological order.
A system that records the dual effect of each transaction in appropriate accounts.
The right side of an account.
A list of accounts and their balances at a given time.
The procedure of transferring journal entry amounts to the ledger accounts.
The group of accounts maintained by a company.
The system of collecting and processing transaction data and communicating financial information to interested parties.
Accounting information system
Events that require recording in the financial statements because they affect assets, liabilities, or stockholder's equity.