Reporting period :

The 12 month period which the business runs / reports to in a normal year (periods may be shorter in start and end year)

Retaining Earnings :

Total profit and /or loss from start of business to date .

Rate earned on average stockholders’ equity :

The relationship between net income and average stockholders’ equity

Rate earned on average total assets :

The relationship between net income and average total assets

Ratio :

A comparison between two numbers showing how many times one number exceeds the other

Real property :

Land and anything attached to the land

Realization :

Cash received from the sale of assets during liquidation of a partnership

Receipt :

A business form giving written acknowledgement for cash received

Residual value :

See Estimated salvage value

Responsibility accounting :

Assigning control of business revenues, costs, and expenses as a responsibility of a specific manager

Responsibility statements :

Financial statements reporting revenue, costs, and direct expenses under a specific department’s control

Restrictive endorsement :

An endorsement restricting further transfer of a check’s ownership

Retail merchandising business :

A merchandising business that sells to those who use or consume the goods

Retail method of estimating inventory :

Estimating inventory by using a percentage based on both cost and retail prices

Retiring a bond issue :

Paying the amounts owed to bondholders for a bond issue

Reversing entry :

An entry made at the beginning of one fiscal period to reverse an adjusting entry made in the previous fiscal period

Revenues :

These are the amount of the business earned by selling its products or providing service to customers.

Risk :

The possibility of loss; inherent in all business activities. High risk requires high return. All business decisions must consider the amount of risk involved.