Accounting Dictionary

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Following is our Accounting Dictionary. 

A

1. Accounting
2. Assets
3. Account
4. Adjunct Account
5. Aging of accounts
6. Accounting Conventions
7. Arrears
8. ABC Analysis
9. Activity Based Costing
10. Accounting Professionalism
11. Abnormal Spoilage
12. Absorption Costing
13. Accrued liabilities
14. Accountant
15. Adjusted Tax Basis
16. Accumulated Depletion 
17. Accelerated Depreciation
18. Adjusted Trial Balance 

B

1. Business
2. Bad Debts
3. Bank
4. Bank Errors
5. Bank Statement
6. Bank Reconciliation statement
7. Balance Per Bank
8. Bank Charges
9. Bill and Hold
10. Balance
11. Batch Costing
12. Bill and Hold

C

1. Cash
2. Cash Burning
3. Current Assets
4. Current Liabilities
5. Cash Discount
6. Cash Book
7. Casting
8. Capital
9. Capital Income
10. Creditors
11. Capital Expenditure
12. Creditor’s Equity
13. Cash Flow to Sales
14. Contract Costing
15. Control Ratio
16. Costing
17. Cost Unit
18. Cost Center
19. Capital Appreciation
20. Cost Accounting

D

1. Discount
2. Drawing
3. Debtors
4. Direct Expenses
5. Death Spiral
6. Depreciation
7. Debit Balance
8. Dead Stock
9. Days' Sales Uncollected
10. Days' Sales in Inventory
11. Deprival Value 
12. Double Entry System

E

1. Equity
2. Expenditures
3. Entry
4. EPS
5. Electronic Fund Transfer
6. Equipment
7. Equipment Expenses
8. EBITDA
9. Expired Cost
10. Expected Value 
11. EOQ

F

1. Fixed Assets
2. Fictitious Assets
3. Freight-in
4. Fixed Cost
5. Fixed Expenses
6. Factory Overhead
7. Flexible Budget
8. Freight-in
9. Furniture and Fixtures
10. FIFO

G

1. Goodwill
2. Goods
3. Gross Sales
4. Gross Profit
5. Gross Margin 
6. Gross Wage

H

1. High Low Method  
2. Historical Cost
3. Holding Period
4. Hire Purchase Transaction

I

1. Invoice
2. Intangible Assets
3. Insolvent
4. Impersonal Account
5. Idle Time
6. Incomes Credited
7. Inventory Conversion Period
8. IFRS

J

1. Journal
2. Journal Proper
3. Job Costing

K

1. Kiting
2. Key Personal Insurance
3. Kaizen Budgeting 

L

1.  Lending Securities
2. Liability
3. Ledger
4. Labor Turnover
5. Labor Cost
6. Lead Time
7. Lean Accounting

M

1. Merchandising Cost
2. Multiple Costing
3. Marginal Costing 
4. Motion Study
5. Material
6. Material Control

N

1. Net Profit
2. Net Profit Margin
3. Net Earning
4. Net Current Assets

O

1. Operating Expenses
2. Outstanding Expenses
3. Owner’s Equity
4. Operation Costing

P

1. Personal Account
2. Purchases
3. Purchase Returns
4. Purchase Book
5. Purchase Return Book
6. Provision
7. Provision for doubtful debts
8. Process Costing
9. Production Account
10. Piecemeal Distribution
11.  Partnership
12. Partnership Accounting

Q

1. Qualitative Characteristics 
2. Quality of Earning

R

1. Revenue
2. Reserve
3. Rolling Reserve
4. Receipt
5. Revaluation Account
6. Rectification of Errors

S

1. Sale
2. Sale Return
3. Sale Book
4. Sale Return Book
5. Sales Variance
6. Service Costing 
7. Standard Costing
8. Store Ledger
9. Segment Reporting
10. Subsidiary Books
11. Sacrifice Ratio
12. Statement of Cost

T

1. Trade Discount
2. Transaction
3. Time Study
4. Triple Bottom Line
5. Trial Balance

U

    1. Underlying Debt
   2. Uniform Costing

V

1.  Variable Expenses 
2. Value Billing 
3. Valuation Account
4. Vocation Pay
5. Voluntary Disclosure

W

1. Wasting Assets
2. Working Capital

X

1. XBRL
2. X-inefficiency

Y

1. Year to Date 

Z

1.  Zero Based Budgeting 
2. Zero Inventory

See Also 

• Finance Dictionary