This document defines several key accounting and financial terms:
1) Adjusted Gross Income refers to gross income after allowable adjustments such as IRAs, annuities, 401ks, or employer-sponsored plans. Annual Percentage Yield is the effective interest rate for an investment. Amortization is repaying a loan through equal payments over time.
2) Automatic Drafts are periodic withdrawals authorized by an account owner to be made electronically. An Automatic Teller Machine is an electronic banking station that accepts deposits and disburses cash using an ATM or debit card.
3) Accounts Receivable is a current asset representing money owed by customers. Accumulated Depreciation is the current year's depreci
This document defines several key accounting and financial terms:
1) Adjusted Gross Income refers to gross income after allowable adjustments such as IRAs, annuities, 401ks, or employer-sponsored plans. Annual Percentage Yield is the effective interest rate for an investment. Amortization is repaying a loan through equal payments over time.
2) Automatic Drafts are periodic withdrawals authorized by an account owner to be made electronically. An Automatic Teller Machine is an electronic banking station that accepts deposits and disburses cash using an ATM or debit card.
3) Accounts Receivable is a current asset representing money owed by customers. Accumulated Depreciation is the current year's depreci
This document defines several key accounting and financial terms:
1) Adjusted Gross Income refers to gross income after allowable adjustments such as IRAs, annuities, 401ks, or employer-sponsored plans. Annual Percentage Yield is the effective interest rate for an investment. Amortization is repaying a loan through equal payments over time.
2) Automatic Drafts are periodic withdrawals authorized by an account owner to be made electronically. An Automatic Teller Machine is an electronic banking station that accepts deposits and disburses cash using an ATM or debit card.
3) Accounts Receivable is a current asset representing money owed by customers. Accumulated Depreciation is the current year's depreci
This document defines several key accounting and financial terms:
1) Adjusted Gross Income refers to gross income after allowable adjustments such as IRAs, annuities, 401ks, or employer-sponsored plans. Annual Percentage Yield is the effective interest rate for an investment. Amortization is repaying a loan through equal payments over time.
2) Automatic Drafts are periodic withdrawals authorized by an account owner to be made electronically. An Automatic Teller Machine is an electronic banking station that accepts deposits and disburses cash using an ATM or debit card.
3) Accounts Receivable is a current asset representing money owed by customers. Accumulated Depreciation is the current year's depreci
Download as DOCX, PDF, TXT or read online from Scribd
Download as docx, pdf, or txt
You are on page 1/ 21
Adjusted Gross Income
allowable adjustments to the gross
Accelerated Cost-Recovery System income, such as qualifying IRAs, (ACRS) tax-sheltered annuities, 401k's, or employer-sponsored child care or is a depreciation method that is implemented by the IRS for medical plans. property placed in service after 1980 Adjusted Statement Balance through 1986. consists of the balance on the bank Account Register statement plus any outstanding a separate form for recording all deposits minus any outstanding checking account transactions. It checks. also shows the account balance. Accounts Payable Allowances a current liability for merchandise See Sales returns. or services that have not been paid Amortization for. the process for repaying a loan Accounts Receivable through equal payments at a a current asset that is the money specified rate for a specific length owed by customers. of time.
Accountancy Bussiness and Management Accountancy Bussiness and Management
Annual Percentage Yield (APY) Automatic Drafts
effective rate of interest for an periodic withdrawals that the
investment. owner of an account authorizes to be made electronically. Annuity Due Automatic Teller Machine (ATM) annuity for which payments are made at the beginning of each an electronic banking station that period. accepts deposits and disburses cash when you use an authorized Annuity Payment ATM card, a debit card. a series of equal periodic payments Average Annual Yield put into an interest-bearing account for a specific number of See Current bond yield. periods. Average Daily Balance Approximate Number the average of the daily balances a rounded amount. for each day in the billing cycle.
Arbitratio Average Daily Balance Method
referral of a dispute to a third party the daily balances of the account for settlement or advice; method of are determined, then the sum of settling an industrial dispute where these balances is divided by the a third party renders. number of days in the billing cycle.
Accountancy Bussiness and Management Accountancy Bussiness and Management
Amortization Schedule Accumulated Depreciation a table V that shows the balance of the current year's depreciation plus principal and interest for each all previous years' depreciation. payment of the mortgage. Acid-Test Ratio or Quick Ratio Amount Credit the ratio of quick current assets to current liabilities. the sum of the partial payment and the partial discount. Acid Test Ratio or Current Assets Amount Financed current liabilities. This measures liquidity. the total amount that is to be paid in regular payments. Acquisition Amount of an Annuity one firm gains a controlling interest in another. the sum of the annuity payments plus the interest. Addends
Annual Percentage Rate (APR) numbers being added.
Adjustable-Rate Mortgage the true rate of an installment loan that is equivalent to an annual the interest rate may change simple interest rate. during the time of the loan.
Accountancy Bussiness and Management Accountancy Bussiness and Management
Accounts Receivable a current Assessed asset that is the money Value owed by customers. is the specified percent of the Accumulated Depreciation estimated market value of the B2B property. the current year's depreciation plus allTurnover Asset previous years' Ratiodepreciation. A B2B business is one that offers products or services directly to other Acid-Test Ratio the ratio of or Quick net sales to the Ratio average businesses. The business can be the total assets. the ratio of quick current assets to end buyer, such as when a company current liabilities. Assets hires a copywriter (the copywriter is the B2B business) or it can be a Acid Test Ratio properties ownedorby Current the business, source of the business, such as a including anything of monetary value Assets drop shipper who provides products and anything that can be exchanged current for liabilities. cash or This measures other property. to other companies who then sell liquidity. them to the end user. The drop Associative Property of Addition shipper is a B2B company. Acquisition when more than two numbers are one firm thegains a controlling B2C added, addends can be grouped interest in another. two at a time in any way. B2C is an acronym for business-to- consumer. A B2C business is one Addends Attrition that sells products or services numbers in decrease being totaladded. employment of an directly to the consumer. organisation or industry through the normal course of events.
Accountancy Bussiness and Management Accountancy Bussiness and Management
Accountancy Bussiness and Management Accountancy Bussiness and Management
