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A root that means "tongue" is
Owner's Equity Account
An account on a company's balance sheet that represents the total amount invested by the owners plus any retained earnings or losses.
Real Accounts
Accounts related to assets, liabilities, and equity that are not closed at the end of the accounting period and are carried forward to the next period.
Nominal Accounts
Accounts that are used in accounting to record expenses, incomes, losses, and gains; these accounts are closed at the end of the accounting period.
Closing Entry
A journal entry made at the end of an accounting period to transfer the balances in temporary accounts to permanent accounts.
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