Examlex
A ________ is a collection of forms, reports, queries, and programs that serves as an intermediary between users and database data.
Financial Statement
A written report which quantitatively describes the financial health of a company; it includes the income statement, balance sheet, statement of cash flows, and statement of retained earnings.
Normal Balance
The side (debit or credit) of an account that is expected to have a higher balance based on the accounting rules.
Temporary/Permanent
Categories used to distinguish assets, liabilities, and equity items based on their duration in financial statements; temporary items fluctuate regularly while permanent items typically remain constant over time.
Principal
The original sum of money borrowed in a loan, or the amount of the investment that is actually made.
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