Accounting Glossary

On account of growing accounting students demand for a perfect Accounting Glossary or Accounting Dictionary, we are trying to compile a suitable one. We hope, you will like following accounting glossary. 

A

1. Assets
2. Account
3. Adjunct Account
4. Aging of accounts
5. Arrears
6. ABC Analysis
7. Activity Based Costing
8. Accounting Professionalism
9. Abnormal Spoilage
10. Absorption Costing
11. Accrued liabilities
12. Accountant
13. Adjusted Tax Basis

B

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

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 

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 

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. Owner’s Equity
3. 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

Q

1. Qualitative Characteristics 
2. Quality of Earning

R

1. Revenue
2. Reserve
3. Rolling Reserve
4. Receipt

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

T

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

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