key terms

Accounting definitions

1. Accrue

2. Accumulated depreciation

3. Adjusted trail balance

4. Adjusting entries

5. Book value

6. Contra-asset account

7. Depreciable asset

8. Depreciation

9. Immaterial

10. Matching principle

11. Materiality

12. Prepaid expenses

13. Realization principle

14. Straight-line method of depreciation

15. Unearned revenue

16. Useful life