Debitoor Dictionary

Explanation of common entrys used in accounting

A

  1. Accountancy
  2. Accounting equation
  3. Accounting system
  4. Accounting year
  5. Accounts payable
  6. Accounts receivable
  7. Accrual accounting
  8. Accruals
  9. Aged debtors report
  10. Amortisation
  11. Annual report
  12. Arbitrage
  13. Assets
  14. Audit
  15. Audit trail
  16. Auditor's report
  17. Average Cost

B

  1. Bad Debt Account
  2. Bad Debt Reserve
  3. Balance Sheet
  4. Bank Balance
  5. Bank reconciliation
  6. Bank Statement
  7. Benefits in kind
  8. Bookkeeping
  9. Budget
  10. Business angel
  11. Buying Rate

C

  1. Capital
  2. Cash
  3. Cash accounting
  4. Cash Accounting VAT Scheme
  5. Cash budget
  6. Cash discount
  7. Cash Discounts
  8. Chart of accounts
  9. CIS
  10. Closing balance
  11. Collateral
  12. Contra account
  13. Contribution margin
  14. Copyright
  15. Corporation
  16. Corporation tax
  17. Cost
  18. Cost of Goods Sold
  19. Credit
  20. Credit card
  21. Credit note
  22. Creditor
  23. Crowdfunding
  24. Currency
  25. Current assets
  26. Current liabilities
  27. Current ratio

D

  1. Data Protection Act
  2. Debenture
  3. Debit
  4. Debt ratio
  5. Debtor
  6. Default
  7. Deferred expenditure
  8. Delivery note
  9. Department
  10. Depreciation
  11. Depreciation methods
  12. Digital signature
  13. Dividends
  14. Double entry bookkeeping
  15. Drawings

E

  1. EBIT
  2. EBITDA
  3. Electronic invoicing
  4. Ending inventory
  5. Exchange gain or loss
  6. Expense

F

  1. FIFO
  2. Financial benchmarking
  3. Fixed assets
  4. Fixed exchange rates
  5. FOB destination
  6. FOB shipping point
  7. Franchising

G

  1. Gains
  2. General ledger
  3. Goodwill
  4. Group Consolidation

I

  1. IBAN
  2. IFRS
  3. Impairment
  4. Import Duty
  5. Import VAT
  6. Imprest System
  7. Income statement
  8. Intangible Assets
  9. Invoice
  10. Invoice number

J

  1. Journal

K

  1. Key figure

L

  1. Liabilities
  2. LIFO
  3. Limited Companies
  4. Liquidation
  5. Losses

M

  1. M-commerce
  2. Management accounting
  3. Market value
  4. Matching principle
  5. Materiality Principle

N

  1. Net Sales
  2. Nominal ledger

O

  1. OCR system
  2. Open items creditor
  3. Open items debtor
  4. Opening balance
  5. Outsourcing

P

  1. Packing note
  2. Partnership
  3. Patent
  4. PAYE
  5. Payment Guarantee
  6. Payment on Account
  7. Payroll
  8. Period End
  9. Periodic stock management
  10. Perpetual stock management
  11. POS System
  12. PP&E
  13. Prepayments
  14. Product list
  15. Profit & Loss Statement
  16. Proforma invoice
  17. Project accounting
  18. Provision
  19. Purchase Ledger Control Account
  20. Purchase order

Q

  1. Quotation

R

  1. Raw materials
  2. Reducing Balance Depreciation
  3. Reminder letter
  4. Remittance advice
  5. Reserves
  6. Residual value
  7. Revaluation
  8. Revaluation of Creditors/Debtors
  9. Revenues
  10. Rounding

S

  1. Sales
  2. Sales Ledger Control Account
  3. Sales turnover
  4. Salvage value
  5. Self Assessment
  6. Sole Trader
  7. Standard VAT Accounting Scheme
  8. Statement of Cash Flows
  9. Stock management
  10. Stockholders' equity
  11. Straight Line Depreciation
  12. Subscription
  13. Suspense Account
  14. SWIFT/BIC codes

T

  1. Tangible Assets
  2. Tax accounting
  3. Tax Codes
  4. Trade mark
  5. Trial Balance
  6. Turnover

U

  1. UK GAAP

V

  1. Variance
  2. VAT
  3. VAT Detail
  4. VAT Registration
  5. VAT Return
  6. Venture capital

W

  1. Work in Process
  2. Write-off

Y

  1. Year end