Accounting Terminology Listed Below Are Nine Technical Accounting Terms Introduced in This

question 77

Essay

Accounting terminology
Listed below are nine technical accounting terms introduced in this chapter: (A.)The accounting record in which transactions are initially recorded.
(B.)A concept designed to avoid overstatement of the financial strength of a company.
(C.)A schedule prepared to determine the equality of the debit and credit amounts in the ledger.
(D.)An amount entered in the right side of a ledger account.
(E.)The sequence of procedures involved in recording transactions,processing the information in the accounting system,and summarizing the information in the form of financial statements.
(F.)The accounting record that contains a separate account for each type of asset and liability,and for each element of owners' equity appearing in the balance sheet.
(G.)The system of accounting in which every business transaction is recorded by equal dollar amounts of debit and credit entries.

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Definitions:

Osteons

Structural units found in compact bone, consisting of a central canal surrounded by concentric rings of calcified matrix.

Bone Marrow

The soft, cellular tissue that fills the internal spaces of bones; red bone marrow in certain bones produces blood cells.

Diaphysis

The central shaft of a long bone, distinguished from the bone's broader ends or epiphyses.

Insulates

To prevent the transfer of heat, electricity, or sound into or out of something, often by covering with a material that reduces or blocks the transmission.