It arises in the course of the ordinary activities of a business and is referred to by a variety of different names including sales, fees, interest, dividends, royalties, and rent.

(a)  

It represents other items that meet the definition of income and may or may not arise in the course of the ordinary activities of an entity.

(a)  

It arises in the course of the ordinary activities of a business.

(a)  

It represents other items that meet the definition of expenses and may, or may not, arise in the course of the ordinary activities of the entity.

(a)  

It is a list of all the accounts used by a business.

(a)  

This refers to the left side of the account.

(a)  

This refers to the right side of the account.

(a)  

It is a financial statement which shows the assets, liabilities, and equity.

(a)  

It is a financial statement which shows income and expenses.

(a)