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  2. Trial balance - Wikipedia

    en.wikipedia.org/wiki/Trial_balance

    The debit balance values will be listed in the debit column of the trial balance and the credit value balance will be listed in the credit column. The trading profit and loss statement and balance sheet and other financial reports can then be produced using the ledger accounts listed on the same balance.

  3. Debits and credits - Wikipedia

    en.wikipedia.org/wiki/Debits_and_credits

    The journal entry "ABC Computers" is indented to indicate that this is the credit transaction. It is accepted accounting practice to indent credit transactions recorded within a journal. In the accounting equation form: A = E + L, 500 = 0 + 500 (the accounting equation is therefore balanced).

  4. Accounting equation - Wikipedia

    en.wikipedia.org/wiki/Accounting_equation

    5 + 700 + 700 Earning revenues 6 − 200 − 200 Paying expenses (e.g. rent or professional fees) or dividends 7 + 100 − 100 Recording expenses, but not paying them at the moment 8 − 500 − 500 Paying a debt that you owe 9 0 0 0 Receiving cash for sale of an asset: one asset is exchanged for another; no change in assets or liabilities

  5. Balance (accounting) - Wikipedia

    en.wikipedia.org/wiki/Balance_(accounting)

    In banking and accounting, the balance is the amount of money owed (or due) on an account. In bookkeeping, "balance" is the difference between the sum of debit entries and the sum of credit entries entered into an account during a financial period. [1] When total debits exceed the total credits, the account indicates a debit balance.

  6. List of business and finance abbreviations - Wikipedia

    en.wikipedia.org/wiki/List_of_business_and...

    In other words, it would look odd to use $1.2KK to represent $1,200,000. Ke – Is used as an abbreviation for Cost of Equity (COE). Ke is the risk-adjusted, theoretical rate of return on a Company's invested excess capital obtained through external investment s.

  7. These Calculators Make Quick Work of Standard Math ... - AOL

    www.aol.com/best-calculators-students...

    With more than 120 different built-in functions, such as amortization, cash flow, and loan payments, this HP financial calculator makes quick work of your accounting—whether it’s personal or ...

  8. Chart of accounts - Wikipedia

    en.wikipedia.org/wiki/Chart_of_accounts

    2 International aspects and accounting information interchange ... Account Number—Account Title [3] —Balance: Debit (Dr) / Credit (Cr) 1.0.0 Assets (Dr)

  9. Bookkeeping - Wikipedia

    en.wikipedia.org/wiki/Bookkeeping

    A company can maintain one journal for all transactions, or keep several journals based on similar activity (e.g., sales, cash receipts, revenue, etc.), making transactions easier to summarize and reference later. For every debit journal entry recorded, there must be an equivalent credit journal entry to maintain a balanced accounting equation ...