Adjusted Trial Balance

Atrial balanceprepared after all adjusting entries have been recorded and posted to the accounts. Should have equalcreditanddebittotals.

Adjusting Journal Entry

Anaccountingentry made into asubsidiaryledgercalled theGeneral journaltoaccountfor a periods changes, omissions or other financial data required to be reported "in the books" but not usually posted to the journals used for typical period transactions (thecash receipts journal,cashdisbursements journal, the payroll journal, sales journal and so on) the entry is posted to thegeneral ledgeraccounts directly and usually will be numbered itself, dated and have an explanation. Example: AJE# 1 12-31-2003,debitCash in bank $1,000.Creditinterestincome$1,000, to record interest income on business bank account at year end, not recorded in cash receipts journal but credited by the bank. (Cross-referencebank reconciliationand account where it was found)

ADR

Receipts for shares of foreigncompanystock maintained by an intermediary indicating ownership.

Adverse Opinion

Expression of an opinion in anAUDITORS' REPORTwhich states thatFINANCIAL STATEMENTSdo not fairly present the financial position, results of operations andcash flowsin conformity withGENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP).

Affiliated Company

Company, or otherorganizationrelated through common ownership, common control ofmanagementor owners, or through some other control mechanism, such as a long-termLEASE.

Agency Fund

Fund consisting of ASSETS where the holder agrees to remit the assets,incomefrom the assets, or both, to a specified beneficiary in due course or at a specified time.

AICPA

National professional membershiporganizationthat represents practicing CERTIFIED PUBLIC ACCOUNTANTS (CPAs). TheAICPAestablishes ethical andauditing standardsas well as standards for other services performed by its members. Through committees, it develops guidance for specialized industries. It participates with theFINANCIAL ACCOUNTING STANDARDS BOARD (FASB)and the GOVERNMENT ACCOUNTING STANDARDS BOARD (GASB) in establishing accounting principles.

Allocate

To set aside for a specific reason.

Allowance for Doubtful Accounts

A contra-assetaccountused to reduce ACCOUNTS RECEIVABLE to the amount that is expected to be collected incash.

Alternative Dispute Resolution

An alternative to formal litigation which includes techniques such as arbitration, mediation, and a non-binding summary jury trial.

Alternative Minimum Tax (AMT)

Taximposed to back up the regularincometax imposed onCORPORATIONand individuals to assure that taxpayers with economically measured income exceeding certain thresholds pay at least some income tax.

American Depository Receipt (ADR)

Receipts for shares of foreigncompanystock maintained by an intermediary indicating ownership.

American Institute of Certified Public Accountants (AICPA)

National professional membershiporganizationthat represents practicing CERTIFIED PUBLIC ACCOUNTANTS (CPAs). TheAICPAestablishes ethical andauditing standardsas well as standards for other services performed by its members. Through committees, it develops guidance for specialized industries. It participates with theFINANCIAL ACCOUNTING STANDARDS BOARD (FASB)and the GOVERNMENT ACCOUNTING STANDARDS BOARD (GASB) in establishing accounting principlesAdjusted Trial Balance

Atrial balanceprepared after all adjusting entries have been recorded and posted to the accounts. Should have equalcreditanddebittotals.

Adjusting Journal Entry

Anaccountingentry made into asubsidiaryledgercalled theGeneral journaltoaccountfor a periods changes, omissions or other financial data required to be reported "in the books" but not usually posted to the journals used for typical period transactions (thecash receipts journal,cashdisbursements journal, the payroll journal, sales journal and so on) the entry is posted to thegeneral ledgeraccounts directly and usually will be numbered itself, dated and have an explanation. Example: AJE# 1 12-31-2003,debitCash in bank $1,000.Creditinterestincome$1,000, to record interest income on business bank account at year end, not recorded in cash receipts journal but credited by the bank. (Cross-referencebank reconciliationand account where it was found)

ADR

Receipts for shares of foreigncompanystock maintained by an intermediary indicating ownership.

Adverse Opinion

Expression of an opinion in anAUDITORS' REPORTwhich states thatFINANCIAL STATEMENTSdo not fairly present the financial position, results of operations andcash flowsin conformity withGENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP).

Affiliated Company

Company, or otherorganizationrelated through common ownership, common control ofmanagementor owners, or through some other control mechanism, such as a long-termLEASE.

Agency Fund

Fund consisting of ASSETS where the holder agrees to remit the assets,incomefrom the assets, or both, to a specified beneficiary in due course or at a specified time.

AICPA

National professional membershiporganizationthat represents practicing CERTIFIED PUBLIC ACCOUNTANTS (CPAs). TheAICPAestablishes ethical andauditing standardsas well as standards for other services performed by its members. Through committees, it develops guidance for specialized industries. It participates with theFINANCIAL ACCOUNTING STANDARDS BOARD (FASB)and the GOVERNMENT ACCOUNTING STANDARDS BOARD (GASB) in establishing accounting principles.

Allocate

To set aside for a specific reason.

Allowance for Doubtful Accounts

A contra-assetaccountused to reduce ACCOUNTS RECEIVABLE to the amount that is expected to be collected incash.

Alternative Dispute Resolution

An alternative to formal litigation which includes techniques such as arbitration, mediation, and a non-binding summary jury trial.

Alternative Minimum Tax (AMT)

Taximposed to back up the regularincometax imposed onCORPORATIONand individuals to assure that taxpayers with economically measured income exceeding certain thresholds pay at least some income tax.

American Depository Receipt (ADR)

Receipts for shares of foreigncompanystock maintained by an intermediary indicating ownership.

American Institute of Certified Public Accountants (AICPA)

National professional membershiporganizationthat represents practicing CERTIFIED PUBLIC ACCOUNTANTS (CPAs). TheAICPAestablishes ethical andauditing standardsas well as standards for other services performed by its members. Through committees, it develops guidance for specialized industries. It participates with theFINANCIAL ACCOUNTING STANDARDS BOARD (FASB)and the GOVERNMENT ACCOUNTING STANDARDS BOARD (GASB) in establishing accounting principles

Question 9

1. Pardon is a uninterrupted catalogue system_____?

2. Could you repeat_____ that do you mean when you say that you haveharmful waged capital____?

3. What did you say_____ are the foremost constraints that can hamper relevant and reliable financial speeches_______?

4. Tell me the unique_____ rules of accounting, just allusion the accounts______.

5. Please elaborate, what this______ statement means - "Debit the Receiver, Credit the Giver______".

6. Slightly inkling what is ICAI______?

7. Come again do you mean by ____sites?

8. Pardon is Executive Accounting_____?

9. Pardon are the bills receivable_____?

10. Outline Harmonizing______.