Accounting Vocabulary Term Accounting Data Accounts Receivable Acquisition Adjusting Entries Debtor Defalcation Embezzlement Fixed Asset Foot a column Intangible Assets Invoice Definition Includes journals, ledgers and other records, such as spreadsheets, that support financial statements. It may be in computer readable form or on paper. Debts due from customers from sales of products and services. To gain possession of Accounting entries made at the end of an accounting period to allocate items between accounting periods. A person who owes an accounts receivable. To misuse or embezzle funds. To take assets in violation of trust. Assets acquired for use in operations. These assets are generally not for resale, and have an estimated useful life to an organization of at least one year. Also known as property, plant, and equipment. Examples include land, buildings, machinery, and furniture. To add a column of numbers. Assets which benefit the organization through the special rights and privileges of their ownership as opposed to the physical characteristics. Examples are patents, copyrights, leases, and licenses. A vendor's request for payment for a portion of a purchase order which has been filled. Maturity date of a note The date a note is due. A written and signed promise to pay a sum of money at a Promissory Note specified time. A journal used to record only one kind of transaction. Special Journal The total of all customer accounts receivable included in the subsidiary ledger of accounts receivable is the balance in the Subsidiary Ledger general ledger accounts receivable account. Also known as Fixed Assets; property, plant, and equipment. Tangible Assets Tax Base Terms of Sale The assets have a physical presence. The maximum amount of earnings on which a tax is calculated. An agreement between a buyer and a seller about payment for merchandise. Total Earnings or The total pay due for a pay period before deductions. Gross Earnings Uncollectible Accounts Accounts receivable that cannot be collected. A business from which merchandise is purchased or supplies or Vendor other assets are bought.