(A) Abbreviation Accelerated depreciation Account Accounting Accountant Accounting records Accounts deemed uncollectible ( ) Accounts receivable Accrual basis of accounting Accrued expenses Accrued interest payable Accrued interest receivable Accumulated depreciation Additions Adjusting trial balance Adjusting entries Adjustments Administrative expenses ( ) Aging schedule Allowances for doubtful (uncollectible) accounts Assets(B) Bad debt Bad debts expense Balance sheet (B/S) Beginning inventory Betterments - Bond Book value Bookkeeping Buyer(C) Capital Capital assets Capital expenditure Carrying value Cash Cash on hand Cash at bank Cash basis of Accounting Cash discount Charge Closing entries Commission Company () Contra account Contra asset account Contingent liability Corporation Copyright Cost Cost of goods available for sale Cost of goods purchased Cost of goods sold Cost of installing and testing a machine Credit balance Credit memorandum (memo) Credit period Credit term Creditors Current assets Current liabilities () Customers Cash receipts Cash collections Cash payments(D) Debit balance Debit memorandum (memo) Debtors Depreciable amount Depreciable asset Depreciation Depreciation expense Disclosure Discount Discounting a note receivable Discount rate Discount period Dishonored note - Disposal Dissimilar assets Drawls - drawings Duration of note(E) Enterprise Ending inventory ( ) Equity Estimated useful life Exchange of assets Expense Extraordinary items(F) Face value Fees Financial statements Fiscal year Firm Furniture Fixtures Fixed assets FOB destination FOB shipping point Franchise ( ) Freight-in ( ) Freight-out

(G) General Journal General ledger Generally Accepted Accounting principles(GAAP) ( ) Goodwill Gross income Gross Profit(H) Historical Cost Principle( I ) Inadequacy Income before extra-ordinary items Income from operation Income statement Income summary account Indirect expenses Initial cost of an asset Instructions Insurance expense Intangible assets Interest rate Inventory Invoice

(J) Journal Journal entry(L) Land held for future use Land improvements Ledger () Legal fees Lease Liabilities Long-term investments Long-term liabilities Losses Lower-of-cost-or market method (LCM)(M) Machines Marketable equity securities Market interest rate Market value ( ) Matching principle Maturity value Merchandise Merchandise in transit Mortgage payable Multiple step income statement

(N) Natural resources - Net cost of purchases Net Income Net loss Net Profit Net purchases Net realizable value Net sales Note Notes receivable Notes receivable discounted Notes payable(O) Obsolescence Office salaries expense Office supplies expense Operating expenses Ordinary repairs Organization costs Original cost Owners equity(P) Partnership Partner Patent Payee Periodic inventory system Perpetual inventory system Plant and equipment Prepaid expenses Prepaid insurance Prepaid rent Proceeds Profit Promissory note Single proprietorship Purchases Purchases discount Purchase invoice Purchase returns and allowances(Q) Quantity(R) Real accounts Rent expense Research and development costs Retailer Retained earnings (RE) Revenue () Revenue expenditure Revision of depreciation rates ( ) Residual value(S) Salaries expense Sales Sales discount Sales invoice () Sales on credit Sales returns and allowances Sales revenue Sales salaries expense ( ) Salvage value Service company Schedule Similar assets Statement ( ) Statement of owners equity () Stockholders equity = shareholders equity Store supplies expense ( ) Straight-line method (SLM) Sum-of-the-years-digits method (SYD) Supplier(T) Tangible assets () Taxes payable ( ) TemporaryINVESTMENTS Trade receivable Trade name Trademark Trade discount Transactions Transportation-in Transportation-out Trial balance(U) Unclassified balance sheet Unclassified income statement Unsatisfactory merchandise Uncollectible(V) Value Valuation Volume of business(W) Wages Wages expense Wages payable Wholesaler Withdrawals Work sheet - - Written off - write off(Y) - Yield(Z) Zero balance Account Account Balance Accountant Accountants Accounting Accounting Assumptions (Postulates) Accounting changes - Accounting Concepts - Accounting Constraints Accounting Cycle Accounting Elements Accounting Equation () Accounting income Accounting Information Accounting Objectives - Accounting Period (Periodicity) Accounting Policies Accounting principles Accounting Principles Board (APB) Accounting Procedures Accounting Research Bulletins Accounting Standards Accounting System Accounts Payable - Accounts Recievable Accrual accounting Accrual Basis of Accounting Accrued Expenses Accrued Revenues Accumulated depreciation Acquisition cost Actual Basis of Accounting Adjusted Trial Balance Adjusting Entry Adjustment Administrative Expenses Adverse Opinion () Allocation Allowance Allownce for doubtful Account American Accounting Assosiation American Institute of Certified Public Accountants (AICPA) Amortization Annual financial statements Annual reports Assets - Assurance Services Attribute Audit Report - Auditing Auditor Available for Sale Securities Bad Debts - Balance Sheet Bargain purchase option Basic Accounting Assumptions Basic Accounting Principles Basis of Consolidation Board of Directors Bonds Discount Bonds Premium Bonds Book Value Budget () Business Entity Business Transaction Business Combination / Buyer / Lessor - Call Provision Capital Capital Account Capital expenditure Capital Expenditures - Capital Gains Capital leases Capital Losses Capital Capitalization Capitalization of leases Carrying Value Cash Basis of Accounting - Cash Budget Cash Equivalents Cash flow Cash Flow from operations Cash Flows Statement Cash Flows - Cash Inflows - Cash Outflows - use of cash - Cash Certified Public Accountant - Chartered Accountant - Classification Closing Exchange Rate Collected Payments Combined Financial Statements Common Stock Holders Common Stock Company Comparability Comparable data Comparative Balance Sheet Comparative Financial Statements Comparative Income Statement Completed Contract Method - Compliance Audit () Components of share holders equity Conceptual Formulation Conceptual framework Conservation ( ) Conservatism (prudence) - Conservatism Consilidation Consistency - Consistency Principle - Consistency Consolidated Accounting Entities Consolidated Financial Statements Consolidation Procedures Consonlidated Balance Sheet Constant-Dollar Financial Statements Construction revenues Contingent gains and losses Contingent liability (contingency) - Contra Account Contributed Capital Control Controlling Enterprise Controlling Interest - Conversion Convertable Bonds Convertible Stock Preferred Copyright Corporate Earnings Corporation Cost Cost to Cost basis / - Cost / Benefit Relationship Cost Estimates Cost of Goods Sold Cost Principle Cost Recovery Method - Credit Creditors Current- Non Current Method Current assets Current Assets Current Cost Accounting Current Cost Approach - Current Cost Current Exchange Rate Current Liabilities Current Purchasing Power Current Rate Method Data Collection Date of Declaration Date of Payment Date of Record - Dealers Debenture Bonds Debit (Dr.) Debt Securities Debtors Deferred expenditure - Deffered Gross Profit - Deficit Departmental Contribution Margin - Depletion Depreciable cost Depreciation Depreciation Expense Depreciation Methods Design Development Direct Cost Direct Costing System Direct financing leases (US) Direct Method Direct ownership Direct Quotation Disclaimer of Opinion Disclosure Discontinued operations Discount Discount Premium - Discount Rate Dividend Drilling E-Commerce Earned Surplus Earning of Revenue Earnings ( ) Earnings per share (EPS) Economic Benefits () Economic Entities Economic Entity Assumption Economic life Effective interest method Effective Interest Rate Entity concept Entry Value Method equipment Equity (Owners equity) - Equity Method Equity Securities Estimated Liability - Estimated Price Evidence Exchange Conversion Losses Exchange Rates Exchange Transaction Executory cost Exit Value Method Expected loss on Contract Expenditure Expense Exploration Exposed Net Asset Position Extraction Extractive Industries - Extraordinary Items Fair value Feedback Value - Finacial Accounting Standards Board (FASB) Finacial Forecast FINANCEcharge FINANCELease (UK) Financial Accounting Financial assets Financial liabilities - Financial Reporting Financial statements FINANCINGActivities First-in-first-out (FIFO) Fiscal Year Fixed Asset Fixed Asset Depreciable Cost Fixed Price Contracts Foreign Currencies Foreign Currency Statements Foreign Exchange Rate Foreign Transaction Format Forward Exchange Contract Forward orFUTURE EXCHANGERate Franchise Agreement Obligations Free Exchange Rate Freight-in Full Disclosoure Principle Functional Currency Functional Requirements Funds Future Benefits Gains General Price Index General Price Level Adjusted Historical Cost (GPLA) General Price Level Generally Accepted Accounting Principles (GAAP) Generally Accepted Auditing Standards (GAAS) GNP Implicit Price Deflator Going Concern (Continuity) Goodwill Gross Income Gross investment Gross margin Gross margin percentage Gross Profit Group Group Intercompany Transactions Guarantee Allowance Guaranteed residual Value Hedging Held-to- maturity securities Hire Purchase Hire Sale Historical cost Historical Exchange Rate Holding Company Holding Gains Holding Losses Identifiable Impairment Impairment of securities () Implicit interest rate (lessor) Improvement Inception of the lease ( ) Income (Net income) Income statement Income Tax Income Incremental borrowing rate (lessee) Independent () Indirect Method Indirect ownership Indirect Quotation Industry Practice Inflation Inflation Accounting Information Risk Initial direct costs Initial Franchise Fee Input Method Installment Purchase Installment Sale Intangible asset Intangible Assets Intangible Integral periods Intercompany Elimination Intercompany Liablities Intercompany Transactions Interest () Interim financial statements (reports) Internal Accounting Standards (IAS) Internal Auditing Internal Control System Internal Revenue Service (IRS) International Accounting Standards Committee (IASC) International Standards on Auditings (ISAs) - Inventory Investing Activities Investment Journal Last-in-first-out Lease payment receivable Lease payments Lease term Leased asset - Leasee () Legal life Lessor - Letters of Credit Levarage () Liabilities Local Currency ( ) Long-term assets ( ) Long-term liabilities Long Term Construction Contracts Long Term Investment Long Term Liabilities Lower-of-cost-or-market (LCM) rule Maintanance of Nominal Capital Maintanance of Real Capital Majority Market Market Research Market Testing Market Value - Marketable Debt Securities Marketable Equity Securities - Matching Principle Material Misstatement - Materiality Maturity Date Maturity Measurement Basis - Measurement Bias Measurement Unit Merchandise Inventory Minimum lease payments Minority Interest Mix of Sales Molds / Monetary- Non Monetary Method Monetary Items Monetary Unit Assumption - Monetary Mortgage Multinational Corporations - Net Assets Net Cash Flows Net Income Net investment Net Realiable Value Net Realizable Value Net Working Capital Neutrality Nominal Value Non-Interest Bearing Note Non cancelable leases Non Controling Interest Nonmonetary Items Normal capacity Notes Payable Notes Receivable Objectivity Official or Fixed Rate Operating activities Operating Expenses - Operating Income Operating leases - operation Operational Audit Organization Cost Organization Period Other-than- temporary impairment Output Method Owners Equity Paid in Capital Parent Company - Partnership Patent Peer Review Pension Percentage of Completion Method Percentage of Completion Principle Periodic inventory system Pilot Plants Planning Plant Assets - plant Post-balance-sheet events Pre-operating Cost Prediction Predictive Value preferred Stock Premium Prepaid Expenses Prepaid Insurance Price Index Price Level Changes Prior-period adjustments Processes Production Lines Productive Life Profit Margin Profit Maximization Profit Profitability - Promissory Note property Prototypes Public Accountant Purchase allowance Purchase discount Purchased Goodwill Purchases Allowances Purchases Returns Purchases Qualified Opinion Qualifying Assets Qualitative Characteristics of Accounting Information Qualitative Quality Control Quantitative Quantity Discount Readily determinable fair value Readily marketable securities Realizable Value Realization Realization Principle Realized holding gains and losses Realized Income Related party transactions Relevance () - Reliability Reliable Rent Replacement Cost Reporting Currency Representation Representiational Faithfullness Research Reserves Residual value Responsibility Accounting - Retained Earnings Returns Revaluation Revenue Revenue Estimates Revenue from Franchises Revenue Realization Revenue Realization Principle Revenues risk Routine or Periodic Alterations Sale - type leases (US) Sale lease backs Sale with Right to Return Sales Allowances Sales Discount Sales Returns Sales - Salvage Value Second-degree relatives Securities and Exchange Commission (SEC) Segment Segmental reporting / Seller / Lessee - Selling Expenses Selling Price Settlement Date Shareholders (Stockholders) Shareholders equity Short Term Contracts Significant influence Similar Asset Sister company Specific- unit-cost method Spot Rate Standard Costs Statement of changes in Owners' Equity Statements of Financial Accounting Standards (FASB) Statements on Auditing Standards (SASs) Stock Authorization and Issuance Stock Dividends Stock Premiums Stock Strategic Systems Audit Strategy Subsidiary Subsidiary company Tax - Taxation Technical Feasibility Techniques Temporal Method - Timeliness Tools Trade Discount Transaction Transaction Adjustments Transaction Date ( ) Transfers between categories ofINVESTMENTS Translated Financial Statements Translation Gains Translation Losses Trial Balance Uncertainty () Unconfirmed (Unrealized) Profits (Losses) Understandability Unearned interest revenue Unearned Revenue Unguaranteed residual value Unit of Measure Unrealized holding gains and loss Unrealized Loss Unrealized Profit - Unrealized Gain - Utilities Expenses Valuation Verifiability Voting stock Weighted average method Whole Sale Price Index Wholy Owned Subsidiary Working Capital Working Papers Worksheet Yield[/align]