Accounting Terms

Accounting Terms

Accounting Terms are general English words that are frequently used in accounting and sometime differently understood in accounting.

Following Accounting Terms will be discussed in this chapter

3.01.01   Debtor

  3.01.02   Creditor

  3.01.03   Assets

  3.01.04   Liabilities

  3.01.05   Goods

  3.01.06   Stock or Inventory

  3.01.07   Profit

  3.01.08   Loss

  3.01.09   Expense

  3.01.10   Expenditure

3.01.11   Revenues

  3.01.12   Income

  3.01.13   Transaction

  3.01.14   Drawings

  3.01.15   Capital

  3.01.16   Cost

  3.01.17   Gain

  3.01.18   Freight

  3.01.19   Purchases

  3.01.20   Purchases Return

3.01.21   Import

  3.01.22   Freight or Carriage Inwards

  3.01.23   Sales

  3.01.24   Sales Return

  3.01.25   Export

  3.01.26   Freight or Carriage Outwards

  3.01.27   Voucher

  3.01.28   Discount

  3.01.29   Trade Discount

  3.01.30   Cash Discount

3.01.31   Account

  3.01.32   Books of Accounts

  3.01.33   Entry

  3.01.34   Debit

  3.01.35   Credit

  3.01.36   Proprietor

  3.01.37   Receivables

  3.01.38   Payables

  3.01.39   Bills of Exchange

  3.01.40   Bills Receivable

3.01.41   Bills Payable

  3.01.42   Depreciation

  3.01.43   Cost of Goods Sold

  3.01.44   Bad Debts

  3.01.45   Insolvent

  3.01.46   Solvent

  3.01.47   Book Value

  3.01.48   Investments

  3.01.49   Entity

3.01.50   Trial Balance

3.01.51   Trading Account

3.01.52   Profit and Loss Account

3.01.53   Balance Sheet

Accounting Terms

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