Working paper used to collect information from the ledger accounts in one place.

Drawing a line under a column amounts.

Principle requiring that the expense incurred in an accounting period are matched with revenue earned in the same period.

The amount of reenue that remains after expenses for the period have been subtracted.

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Chapter 8

Term	Definition
Worksheet	Working paper used to collect information from the ledger accounts in one place.
Ruling	Drawing a line under a column amounts.
Matching Principle	Principle requiring that the expense incurred in an accounting period are matched with revenue earned in the same period.
Net Income	The amount of reenue that remains after expenses for the period have been subtracted.