Accountant's Glossary
Here at PSVS we are in the trenches every day helping you navigate your way through the various complexities of your accounting-related activities. It is easy to forget that not everyone knows all the accounting-specific terminology we use daily.
We have created this fairly comprehensive glossary to supplement your knowledge and understanding and hopefully answer some of your questions.
Of course, if you have any additional questions send us an email or give us a call: (650) 578-1200.
Joint and Survivor Annuity
An annuity from which more than one person can receive regular payments. Upon the original annuitant's death, regular payments are made to the designated survivor.
Joint Tenancy
A form of property ownership in which two or more individuals own property jointly. If one owner dies, the survivors are automatically entitled to the decedent's share of the property.
Journal
A chronological record of all of the transactions of a business.
Journalizing
The process of recording business transactions in a journal.
