Balance+accounts
41balance — 1. The net total of *debit and *credit entries in a *general ledger *account. 2. The equalizing effect of the total *debit and *credit entries in a *general ledger. An assessment of the integrity of the mechanics of *double entry bookkeeping can… …
42balance sheet — As the term is uniformly used by bookkeepers and businessmen, a summation or general balance of all accounts, but not showing the particular items going to make up the several accounts. Eyre v Harmon, 92 Cal 580, 28 P 779 …
43Accounts Payable - AP — An accounting entry that represents an entity s obligation to pay off a short term debt to its creditors. The accounts payable entry is found on a balance sheet under the heading current liabilities. Accounts payable are often referred to as… …
44Accounts Receivable - AR — Money owed by customers (individuals or corporations) to another entity in exchange for goods or services that have been delivered or used, but not yet paid for. Receivables usually come in the form of operating lines of credit and are usually… …
45balance — Synonyms and related words: Swiss bank account, accommodate, accord, account, account current, account rendered, account stated, adjust, afterglow, afterimage, agree, amount to, analogize, analogousness, aplomb, arrangement, assess, assets,… …
46Balance sheet accounts — Represent the financial institution s present assets and liabilities. They contain information on the actual balances at a given time. Balance sheet reports Include: Break even rates on assets Compensation statement balance confirmation …
47balance — I. n. 1. Pair of scales. 2. Equipoise, equilibrium, equality of weight. 3. Comparison, comparative estimate, weighing. 4. Excess, overplus, surplus, residue, remainder. (Correct only of accounts.) 5. Counterpoise, equalizing agency, equalizer. 6 …
48accounts — 1) The profit and loss account, balance sheet, and cash flow statements of a company. See: annual accounts, published accounts See also: financial statements 2) See: books of account …
49balance sheet — Synonyms and related words: account book, accounts payable ledger, accounts receivable ledger, bank ledger, bankbook, books, card ledger, cashbook, cost card, cost ledger, cost sheet, daybook, factory ledger, inventory, journal, ledger, log,… …
50accounts payable — trade creditors The amounts owed by a business to suppliers (e.g. for raw materials). Accounts payable are classed as current liabilities on the balance sheet but distinguished from accruals and other non trade creditors (such as the Inland… …
