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Permanent Accounts
Accounts that are not closed at the end of the accounting year and whose balances are carried forward to the next year, including assets, liabilities, and equity accounts.
Temporary Accounts
Accounts used to accumulate data related to one accounting period, including revenue, expense, and withdrawal accounts, which are closed at the end of the period.
Trial Balance Columns
Lists in a company's accounting records that show all the debit and credit balances of its accounts, used for internal checking purposes.
General Journal
A ledger where double-entry accounting transactions are initially recorded, including details such as date, accounts affected, and amounts.
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