Recognition that an amount is owed but has not been paid or received. a. Balance sheet equation

Recognition that an amount is owed but has not been paid or received.

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a. Balance sheet equation Transactions b. C. On account d. Accrued (or accrual) e. Journal f. Post (posting) g. Ledger h. Account i. Chart of accounts j. T-account k. Account balance 1. Debit m. Credit n. Entry o. Balance p. Charge q. Journal entry r. Source document s. Adjusting journal entry t. Closing the books u. Transaction analysis methodology