Identify the Following Terms

question 81

Short Answer

Identify the following terms.
-Gia Long and the Nguyen dynasty

---

Definitions:

Business Losses

Financial losses incurred by a business, often resulting from expenses exceeding revenues within a specific time period.

Permanent Account

An account in the general ledger that carries its ending balance over to the next accounting period.

Temporary Account

A type of financial account used in accounting to record revenues, expenses, gains, and losses within a specific accounting period, which are then transferred to permanent accounts.

Chart of Accounts

A systematic list of all ledger account titles and numbers used by a company, organized by type of account.