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Accounting terminology dictionary
Name: Accounting terminology dictionary
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juniordaveybodhranacademy.com's accounting dictionary defines accounting terms in a way that is easy for anybody to understand. Basic FINANCIAL STATEMENT, usually accompanied by appropriate DISCLOSURES that describe the basis of ACCOUNTING used in its preparation and presentation of a specified date the entity's ASSETS, LIABILITIES and the EQUITY of its owners. 26 Mar Credit (CR) definition: An accounting entry that may either decrease assets or increase liabilities and equity on the company's balance sheet, depending on the transaction. When using the double-entry accounting method there will be two recorded entries for every transaction: A credit and a debit.
Whether completing undergraduate work or preparing for the CPA exam, accounting students have told us that a glossary of terms is never far from their side. 'excellent this dictionary achieves its stated purpose and should find a ready market seeking a clear guide to the often-confusing world of accountancy terms . Entering into the accounting field can be a little confusing at first with all of the new terminology to learn. Don't feel left out in conversations and don't be left.
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