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Accounting

Review the language of accounts, assets, liabilities, audits, and financial records. Built for making business numbers easier to read.

AccountingBusiness

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Created by qram-ai

A constellation of connected study cards.

Preview 10 of 478 terms

TermPaired term
AccountRecord of financial transactions
Accounting EquationAssets = Liabilities + Equity
Accrual AccountingRecognize revenue when earned and expenses when incurred
Accounts PayableShort-term debts to suppliers
Accounts ReceivableMoney owed by customers
AssetResource owned by a business
AmortizationAllocation of the cost of an intangible asset over a period of time
AuditIndependent financial examination
Adjusting EntryCorrects account balances
AllowanceEstimated reduction in the value of accounts receivable

+ 468 more terms

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