A names section of the General Ledger that holds similar entries
Account Entry (Entry)
A single amount entered into an Account. Each entry is either a debit or a credit.
A customer with unpaid invoices.
A supplier that you need to pay.
Current Year Earnings
Profit/Loss from the current financial year recorded on the Balance Sheet
The 12 months period used for financial and tax reporting purposes. The financial year end date may be different to the calendar year end.
Profit/Loss from the prior financial year recorded on the balance sheet
A container for the two, or more, related account entries making up a balanced set of debits and credits.