Category: Accounting Terms

  • Environmental Accounting: A Comprehensive Guide to Green Accounting Practice

    Image Source: FreeImages Environmental accounting, also known as green accounting, is an essential approach for businesses, government agencies, and organizations to evaluate the impact of their operations on the environment. This accounting methodology aims to incorporate the environmental costs, benefits, and performance into the financial decision-making process, ensuring that environmental concerns are considered and addressed…

  • 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…