Century 21 Accounting, 9e, Chapters 1-3

Invest your interest in this list to watch your vocabulary accrue.

Here are links to our lists for the textbook: Chapters 1-3, Chapters 4-7, Chapters 8-10, Chapters 11-14, Chapters 15-20, Chapters 21-24
34 words 225 learners

Learn words with Flashcards and other activities

Definition First
Print Flashcards

Other learning activities

Answer a few questions about each word. Use this to prep for your next quiz! Compete with other teams in real time to see who answers the most questions correctly! Test your spelling acumen. Read the definition, listen to the word and try spelling it!

Teaching tools

Create and assign quizzes to your students to test their vocabulary. Assign learning activities including Practice, Vocabulary Jams and Spelling Bees to your students, and monitor their progress in real-time.

Full list of words from this list:

words only definitions & notes
  1. account
    a statement of recent transactions and the resulting balance
    For many people, thinking about mutual funds, asset allocation and retirement accounts is akin to eating their broccoli. US News (Oct 23, 2014)
  2. balance
    the difference between the credit and debit of an account
    As investors, we love seeing the markets rally and our account balances increase in value. US News (Oct 24, 2014)
  3. title
    the name of a work of art or literary composition
    Jonah represents that hybrid generation and that was why I put his name in the title. Los Angeles Times (Oct 20, 2014)
  4. accounting
    a system that gives quantitative information about finances
    Management students at the school take courses in finance, accounting, operations, marketing and other subjects that cover the basics of business. US News (Oct 23, 2014)
  5. equation
    a mathematical statement that two expressions are the same
    But that is the tricky part of that equation, because not all things are equal. Forbes (Oct 21, 2014)
  6. record
    a document that can serve as legal evidence of a transaction
    Some of the most important reasons to keep your medical records are financial. US News (Oct 23, 2014)
  7. accounting system
    a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
    The industry needs new accounting systems but it continues to muddle along with systems that have failed, often dramatically. Forbes (Jan 15, 2013)
  8. asset
    a useful or valuable quality
    Celebrity is an asset in selling a memoir, and a liability in writing one. Slate (Oct 24, 2014)
  9. business
    the activity of providing goods and services
    One of our jobs as business owners is to make even somebody’s third-choice feel like a place they want to be. Forbes (Oct 24, 2014)
  10. equity
    the ownership interest of shareholders in a corporation
    Its investments are always in the equity of a business, but it never takes a majority share. Economist (Oct 23, 2014)
  11. capital
    wealth in the form of money or property
    Educators argue that schools play a critical role in the formation of human capital. Forbes (Oct 23, 2014)
  12. ethics
    motivation based on ideas of right and wrong
    When posed with an ethics question, put yourself in someone else’s shoes and speak from his or her point of view. US News (Sep 16, 2014)
  13. expense
    a financial burden; money that must be paid out
    All the while he paid his personal expenses out of the business accounts. Forbes (Oct 24, 2014)
  14. financial statement
    a document showing credits and debits
    In June, the company said it needed to review and correct financial statements from the last three years because of accounting errors. Washington Times (Sep 10, 2014)
  15. liability
    an obligation to pay money to another party
    Fears of liability risks seem to be freezing insurers like deer in the headlights. New York Times (Oct 21, 2014)
  16. proprietorship
    an unincorporated business owned by a single person who is responsible for its liabilities and entitled to its profits
    Most of these were sole proprietorships—truly a one-person business—though the data included some partnerships and small corporations as well. Forbes (Aug 21, 2014)
  17. revenue
    the entire amount of income before any deductions are made
    Blocking ads deprives sites of revenue, and many websites rely on ad revenue to stay afloat. Time (Oct 23, 2014)
  18. sale
    an agreement (or contract) in which property is transferred from the seller (vendor) to the buyer (vendee) for a fixed price in money (paid or agreed to be paid by the buyer)
    Many contracts have been cancelled and sales lost.  Forbes (Oct 23, 2014)
  19. service
    work done by one person or group that benefits another
    The financial services industry has been among the slowest to embrace the mobile and other technologies that many consumers crave. Time (Oct 24, 2014)
  20. transaction
    conducting business within or between groups
    There are always good lessons to learn on both the buy side and the sell side of a transaction. New York Times (Oct 22, 2014)
  21. withdrawal
    the act of taking out money or other capital
    They conduct transactions — such as deposits and withdrawals of small amounts — with a cellphone and computer from corner shops. Washington Post
  22. chart
    a visual display of data or information
    The chart below shows how the World Bank expects growth to look for 2014-16 globally and for the Euro area in particular. Forbes (Oct 18, 2014)
  23. credit
    an accounting entry acknowledging income or capital items
    Beyond the extra $1,500 per child, families derive no economic benefit from the higher credit. Washington Times (Oct 20, 2014)
  24. debit
    an accounting entry acknowledging sums that are owing
    Automatic debit is a great option for keeping your loan payments on track. US News (May 14, 2014)
  25. check
    a written order directing a bank to pay money
    “It’s Cash Tuesday, you morons. The day bonus checks clear. The day you can take your money and run.” The Guardian (Oct 23, 2014)
  26. double-entry bookkeeping
    bookkeeper debits the transaction to one account and credits it to another
    Let me revisit national income accounts to note that they are like double-entry bookkeeping: two completely different things, debits and credits, must necessarily add up. New York Times (Jul 24, 2012)
  27. entry
    a written record of a commercial transaction
    For example, Microblink integrated its PhotoPay technology to eliminate manual data entry for bill payments with several major European Union banks. Forbes (Oct 22, 2014)
  28. general
    not specialized or limited to one class of things
    But the experts said there should be no general ban on travel and trade with those countries. US News (Oct 23, 2014)
  29. journal
    a ledger in which transactions have been recorded
    The digitization of journals has allowed computers to do the searching for us. Science Magazine (Oct 14, 2014)
  30. invoice
    an itemized statement of money owed for goods or services
    Their job will still come down to getting invoices out and cash in efficiently. Forbes (Oct 21, 2014)
  31. memorandum
    a written proposal or reminder
    When you sell your business, buyers will expect to see an “information memorandum,” says Purtle. Forbes (Sep 30, 2014)
  32. receipt
    an acknowledgment that payment has been made
    Using the iPhone’s fingerprint scanner to tap and pay beats signing a receipt or entering a PIN code. Time (Sep 29, 2014)
  33. source
    a document from which information is obtained
    Case studies are detailed, analytical, and maybe a bit dry, but they are sources of valuable marketing information. Forbes (Oct 24, 2014)
  34. document
    writing that provides information
    Be prepared to produce documents, and lots of them, starting with several years of tax returns and many months of bank statements. US News (Oct 24, 2014)
Created on Fri Oct 24 11:53:54 EDT 2014 (updated Mon Oct 27 07:01:25 EDT 2014)

Sign up now (it’s free!)

Whether you’re a teacher or a learner, Vocabulary.com can put you or your class on the path to systematic vocabulary improvement.