Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Profit+ Bal Day Adju

Accural Accounting A system of matching profit whereby revenue earned is matched with expenses incurred, with the difference being profit for the period.
Accured Expenses Expenses that have been incurred during a period but not yet paid. That is, they remain as liabilities on balance day.
Adjusted Trial Balance A trial balance prepared after the recording of balance day adjustments has been completed.
Adjusting Entries Entries made in the general journal to adjust revenue and expense accounts.
Balance day adjustments Adjustments made to revenue and expense accounts at the end of a period so that they equal revenue earned and expenses incurred.
Closing Entry A general journal entry used to close off a revenue or expense account.
Prepaid expenses Expenses paid during a period but not yet used. That is, they are paid in advance at the time of payment and are recorded as assets until they are used up by the business, at which time they become an expense.
Created by: Giant Kahuna