Accounting Terms

Accounting Terms

Accounting Web -> Accounting Terms

The Accounting Terms definitions you will find below are short and simple. We have defined most frequently used Accounting Terms, which people use daily. We add new Accounting Terms frequently, so bookmark this page and come back for new and improved Accounting Terms definitions.

account
account statement
accountant
accounting
accounts payable
accounts receivable
adjusting entry
adjustment
adverse opinion
aggregate
amortization
appreciation
asset
audit
auditor
bad debt
balance
balance sheet
balanced budget
book value
bookkeeping
bottom line
budget
budget deficit
calendar year
capital
capital expenditure
capital loss
capitalize
cash
cash basis
cash flow
certified public accountant
charge
collection
comptroller
controller
cost accounting
CPA
credit order
cumulative
debit
deficit
deficit spending
depreciation
disbursement
double-entry bookkeeping
earnings
earnings report
EBITDA
economic value
equity
expenditure
expense
factor
FIFO
financial condition
financial statement
first in first out
fiscal
fiscal year
fixed cost
GAAP
general ledger
gross margin
gross profit
gross profit margin
gross revenue
gross sales
income
income statement
intangible asset
inventory
invoice
journal
last in first out
ledger
liability
LIFO
net
net income
net profit
net sales
outgo
outlay
overhead
payables
payee
payer
payment
payroll
petty cash
post
posting
profit
profit margin
quick assets
receivables
record
register
replacement cost
revenue
revenue sharing
royalty
sales
single-entry bookkeeping
surplus
transaction
trial balance
valuation reserve
working capital
write down
write-off

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