Accounting Definitions

From our 15 years experience, we have learned lots of accounting. On this basis, we have written the following accounting definition. Time to time, we update these accounting definitions by adding new accounting terms and changes in the old definitions. We are trying to best to keep it simple, relevance and reliable for your learning


Following are the main accounting Definitions :-

 A

Assets	Account	Adjunct Account
Aging of accounts	Arrears

B

Business	Bad Debts	Bank
Bank Errors	Bank Statement	Balance Per Bank
Bank Charges	Bill and Hold	Balance

C

Cash	Current Assets	Cash Discount
Casting	Capital	Creditors
Capital Expenditure	Creditor’s Equity	Cash Flow to Sales

•              

•   D

  Discount	Drawing	Debtors
  Direct Expenses	Death Spiral

  
  

  E

  Equity	Expenditures	Entry
  Equipment Expenses	Electronic Fund Transfer	Equipment
  EPS

  
  

• F

  Fixed Assets	Fictitious Assets	Freight-in

•    

•   G

  Goodwill	Goods	Gross Profit
  Gross Margin

  
  

  H

  High Low Method	Historical Cost	Holding Period

  
  

• I

  Intangible Assets	Insolvent	Impersonal Account