Letter G: Bookkeeping and Accounting Definitions

Accounting Definitions Starting with the Letter G

There are 100's of accounting definitions and bookkeeping terms here in my bookkeeping glossary.

Use this page as an accounting resource to help improve your bookkeeping knowledge of terms starting with the letter G.

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ACCOUNTING DEFINITIONS STARTING WITH THE LETTER G

GAAP:

Generally Accepted Accounting Principles.

Gage:

To determine the dimensions, amount, force, etc.

Gain:

To get or undergo as an increase, profit, addition. To make progress, increase, improve. A desired acquisition, commercial profit. Amount of increase.

Gainful:

Yielding profit, lucrative.

Gainless:

Profitless.

Gamble:

To risk or bet something of value on the outcome of an event, a game of chance. To take a risk to obtain a desired result. To wager or bet something of value.

Gambler:

One who gambles.

Gaming:

The act or practice of gambling.

General Ledger:

A book or computer record showing all the financial transactions of a business.

Geometric:

Pertaining to or according to the rules and principles of geometry.

Geometry:

The branch of mathematics that treats of space and its relations, especially as shown in the properties and measurement of points, lines, angles, surfaces, and solids.

Goal:

a point toward which effort or movement is directed, the objective point that one is striving to reach, the end aimed at.

Goodwill:

The value of a business over and above its tangible assets.

Good-will:

The prestige and friendly relationship with customers built up by a business or member of a profession.

Great:

Very large, big, immense, vast. Being much more numerous than the average.

Gross Income:

Earnings before any usual deductions such as tax or expenses have been made.

Growth:

The process of growing, gradual increase of development.

Growth Industry:

An industry with a rate of growth or development greater than the rate of growth of the economy as a whole.

Guarantee:

A pledge or formal assurance that something will meet stated specifications or that a specified act will be performed.

Guaranty:

A pledge, made in separate contract, to be responsible for the contract, debt, or duty of another person in case of his default. A deposit or security made in place of such a pledge.

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