T-account
Term used to describe the layout used in double-entry bookkeeping, with ‘debit’ and ‘credit’ written above the two arms of the T and a perpendicular l [...]
tax accounting
Accounting performed to determine the taxable income of a company to be reported in the tax returns it files with tax authorities, involving the accum [...]
subledger
The records showing the detailed information, these being totaled to obtain the balance on the general ledger account. [...]
subsidiary journal
A journal that is used for specific, frequently occurring types of transactions, such as sales and expenses. [...]
simple journal entry
A journal entry that involves only one debit and one credit. [...]
post balance sheet event
An accounting event that occurs between the balance sheet date and the date on which the financial statements are approved by the board of directors. [...]
