A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
bad debt: An uncollectible account receivable.
balance sheet (statement of financial position): The financial statement that
shows the assets, liabilities, and owners' equity of an entity at a particular date.
bank reconciliation: The process of systematically comparing the cash balance as
reported by the bank with the cash balance on the company's books and explaining any
differences.
basket purchase: The purchase of two or more assets acquired together at a
single price.
board of directors: Individuals elected by the stockholders to govern a
corporation.
bond: A contract between a borrower and a lender in which the borrower promises
to pay a specified rate of interest for each period the bond is outstanding and repay the
principal at the maturity date.
bond carrying value: The face value of bonds minus the unamortized discount or
plus the unamortized premium.
bond discount: The difference between the face value and the sales price when
bonds are sold below their face value.
bond indenture: A contract between a bond issuer and a bond purchaser that
specifies the terms of a bond.
bond maturity date: The date at which a bond principal or face amount becomes
payable.
bond premium: The difference between the face value and the sales price when
bonds are sold above their face value.
book value: The net amount shown in the accounts for an asset, liability, or
owners' equity item.
book value per share: A measure of net worth; computed by dividing stockholders'
equity for each class of stock by the number of shares outstanding for that class.
business: An organization operated with the objective of making a profit from
the sale of goods or services.
business documents: Records of transactions used as the basis for recording
accounting entries; includes invoices, check stubs, receipts, and similar business papers.
business expenses: Expenses that have been paid or incurred in
the course of business and that are ordinary, necessary, and reasonable in amount.
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