DOUBLE-ENTRY ACCOUNTING is a system of recording transactions in a way that maintains the equality of the accounting equation. The accounting technique records each transaction as both a credit and a debit. Double-entry bookkeeping (DEB) or accounting was developed during the fifteenth century and was first recorded in 1494 as a system by the Italian mathematician Luca Pacioli.
ANTICIPATED is what is expected.
ACCRUED INTEREST is interest earned but not paid since the last due date.
Enter a term, then click the entry you would like to view.