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CH 16
Ch 16
Journal entries recorded to update general ledger accounts at the end of a fiscal period | Adjusting |
The account used to summarize the owner's equity in a business | Capital |
A journal entry to correct an error. | Correcting |
Journal entries used to prepare temporary accounts for a new fiscal period | Closing |
A signature or stamp on the back of a check transferring ownership | Endorsement |
A form for recording transactions in chronological order | journal |
Temporary account | nominal |