In bookkeeping, an account refers to assets, liabilities, income, expenses, and equity, as represented by individual ledger pages, to which changes in...

Double-entry bookkeeping, also known as double-entry accounting, is a method of bookkeeping that relies on a two-sided accounting entry to maintain financial...

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing...

up account in Wiktionary, the free dictionary. Account (abbreviated a/c) may refer to: Account (bookkeeping) A report A bank account Deposit account Personal...

double-entry bookkeeping are entries made in account ledgers to record changes in value resulting from business transactions. A debit entry in an account represents...

known as bookkeeping, of which double-entry bookkeeping is the most common system. Accounting information systems are designed to support accounting functions...

maintaining books of accounts for a sovereign state. The Italian Luca Pacioli, recognized as The Father of accounting and bookkeeping was the first person...

Momentum accounting and triple-entry bookkeeping is an alternative accountancy system developed by Japanese academic Yuji Ijiri and is the title of his...

Hollywood accounting (also known as Hollywood bookkeeping) is the opaque or creative set of accounting methods used by the film, video, television and...

Single-entry bookkeeping, also known as, single-entry accounting, is a method of bookkeeping that relies on a one-sided accounting entry to maintain financial...

The fundamental accounting equation, also called the balance sheet equation, is the foundation for the double-entry bookkeeping system and the cornerstone...

Accounts receivable, abbreviated as AR or A/R, are legally enforceable claims for payment held by a business for goods supplied or services rendered that...

financial statements Management accounting, the other main division of accounting Bookkeeping "Financial Accounting - Definition from KWHS". The Wharton...

data from the invoice and inputting it into the company's financial, or bookkeeping, system. After this is accomplished, the invoices must go through the...

In bookkeeping, a general ledger is a bookkeeping ledger in which accounting data are posted from journals and aggregated from subledgers, such as accounts...

debits its cash account for the $100 in cash, and credits a "deposits" liability account for an equal amount. (See double-entry bookkeeping system.) In the...

physical form of currency, such as banknotes and coins. In bookkeeping and financial accounting, cash is current assets comprising currency or currency equivalents...

In bookkeeping, accounting, and financial accounting, net sales are operating revenues earned by a company for selling its products or rendering its services...

In management accounting or managerial accounting, managers use accounting information in decision-making and to assist in the management and performance...

Creative accounting is a euphemism referring to accounting practices that may follow the letter of the rules of standard accounting practices, but deviate...

Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC), and is the default accounting standard...

accounting period to affect equity. Double-entry bookkeeping conventions are employed as well for the National Accounts. Economic concepts such as national product...

reconciliation by summing all accounts to zero (a trial balance) – the basic premise of double-entry bookkeeping. Nostro accounts are mostly commonly used...

FIFO and LIFO accounting are methods used in managing inventory and financial matters involving the amount of money a company has to have tied up within...

Mark-to-market (MTM or M2M) or fair value accounting is accounting for the "fair value" of an asset or liability based on the current market price, or...

In accounting, a basis of accounting is a method used to define, recognise, and report financial transactions. The two primary bases of accounting are...

In accounting, goodwill is an intangible asset recognized when a firm is purchased as a going concern. It reflects the premium that the buyer pays in addition...

In financial accounting, reserve always has a credit balance and can refer to a part of shareholders' equity, a liability for estimated claims, or contra-asset...

Generally Accepted Accounting Practice in the UK, or UK GAAP or GAAP (UK), is the overall body of regulation establishing how company accounts must be prepared...

In financial accounting, a liability is a quantity of value that a financial entity owes. More technically, it is value that an entity is expected to deliver...