The abbreviation for the accounting and bookkeeping term debit.
The abbreviation for the accounting and bookkeeping term debit.
Life insurance without a cash value.
See sales.
The provider of goods or services. Also known as the vendor.
A bond with collateral.
See post balance sheet event.
See internal rate of return.
Relevant or meaningful data.
The repurchase of bonds by the issuer of the bonds.
See full disclosure principle.
See vacation pay payable.
The British term for controller.
Suppliers. Companies that provide goods or services.
See first-in, still here (FISH).
Retained earnings not available for dividends.
Savings accounts and certificates of deposits at a bank.
See declaration date.
On credit; not for cash.
See certified public accountant.
See Securities and Exchange Commission.
A symbol that represents 1000.
See direct materials inventory.
See hurdle rate.
See Statement of Financial Accounting Standards.
See chief financial officer.
See just-in-time (JIT).
See not sufficient funds (NSF) check.
See quality of earnings.
See temporary accounts.
, to bid on a job, or some other unique requirement. Although most small businesses are not required to have a CPA involved, a small business may engage a CPA to review its internal controls, evaluate accounting...
The result of subtracting operating expenses from gross profit. Income from operations is the amount before non-operating items (such as gains and losses on the sale of assets, interest revenue, and interest expense).
Sales made on account. Sales where the customer is allowed to pay at a later date. Noncash sales.
A journal entry that adjusts an amount already recorded on the books of a company because part of the amount pertains to a future accounting period. To learn more, see Explanation of Adjusting Entries.
A parody of FIFO used to describe a very slow-moving item in inventory.
A liability account that reports the amount a company owes as of the date of the balance sheet for the company’s pension plan. Information on pensions can be found in an Intermediate Accounting textbook.
The bank account on which checks are written or drawn. A bank refers to checking accounts as demand deposits.
The stockholders’ equity account which reports the par value of the preferred shares of stock that have been issued. Amounts received that are greater than the par value are recorded in Paid-in Capital in Excess of...
Individuals elected by the common stockholders of a corporation to represent the stockholders and to establish the policies of the corporation. The board of directors appoints the officers of the corporation and declares...
A balance sheet which is a projection of the amounts at a future date. It should be based on the projected, budgeted transactions.
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