Accounting Definitions C - There are hundreds of accounting definitions, financial meanings and bookkeeping terms here in my accounting terms glossary.
Use this as an accounting resource to help improve your knowledge of bookkeeping terms and accounting definitions starting with the Letter C.
Accounting Definitions C:
To determine by computation or arrive at by arithmetical means. To estimate or determine after deliberation.
Money that can be used to produce further wealth.
An asset of a business that is central to its operation and is not traded.
A statement of the amount and value of a business at a given time, consisting of two columns representing assets and liabilities balanced by profit and loss, indicating a surplus or a deficit.
Expenditure for permanent additions or improvements to property, as opposed to money spent for repairs.
Profit from the sale of capital investments, such as stocks and real estate.
Materials used in industry in the production of consumers' goods.
The amount of stock that a company issues or the value of that stock.
An economic system in which the means of production and distribution are for the most part privately owned and operated for private profit. Also the possession and concentration of private capital and its resulting power and influence.
One who shares in or adheres to capitalism. Also an owner of capital especially someone who has large means employed in productive enterprise.
To convert into captial or cash. To invest for profit or provide capital.
A course of business, activity, or enterprise. A course of professional life or employment.
Current money in hand or readily available.
The recording of a business's profit and loss based on the amounts received and paid out rather than on transactions for which money may actually change hands later.
The system by which a company monitors the accuracy of its cash receipts and disbursements.
A discount from the purchase price allowed the purchaser provided he pays within a stipulated period.
The pattern of income and expenses, and its consequences for how much money is available at a given time.
Chart of Accounts:
A chart explaining the numerical codes identifying the ledger accounts in an accounting system.
Forming or connected with the final part of an activity or period of time.
A company recognized by law as a single body with its own powers and liabilities, separate from those of the individual members. Corporations perform many of the functions of private business, governments, educational bodies, and the professions.
To calculate the price or expense of something.
Accounting that is concerned with providing detailed information on the cost of producing something or carrying out an operation in a business.
Cost of goods sold:
The cost of materials and labor required to build a product.
The deduction from a business account of an amount owed that has been paid.
The right-hand side of an account record, where payments to the account are recorded.
Available cash and other assets that could be converted to cash within a year.
Business liabilities that are due to be cleared before the end of the financial year.
The ratio of current assets to current liabilities.
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