25 accounting terms
Depreciation – The decrease in an asset's value over time.
Dividends – Profits returned to the shareholders of a corporation.
Double-Entry Bookkeeping – Requires entries of debits and credits for each financial transaction.
Equity – Represents the value of company ownership..
Best accounting terms
Definitions of accounting. a system that provides quantitative information about finances. types: balance of international payments, balance of payments. a system of recording all of a country's economic transactions with the rest of the world over a period of one year..
What is accounting in 100 words?
Accounting is the process of recording financial transactions pertaining to a business.
The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities..
What is accounting in business language?
Accounting is often referred to as the “language of business” because it serves to communicate financial information about a company or organization.
This vital function enables stakeholders, such as investors, creditors, and management, to understand a company's financial performance and position..
What is accounting in business terms?
Accounting is the process of tracking and recording financial activity.
People and businesses use the principles of accounting to assess their financial health and performance.
Accounting also serves as a useful way for people and companies to honor their tax obligations..
What is accounting in vocab?
Definitions of accounting. a system that provides quantitative information about finances. types: balance of international payments, balance of payments. a system of recording all of a country's economic transactions with the rest of the world over a period of one year..
What words go with accounting?
On this page you'll find 7 synonyms, antonyms, and words related to accounting, such as: bookkeeping, computing, auditing, calculating, reckoning, and balancing the books..
Why is accounting referred to as business language?
Accounting is often referred to as the “language of business” because it serves to communicate financial information about a company or organization.
This vital function enables stakeholders, such as investors, creditors, and management, to understand a company's financial performance and position..
