Accounting Definitions P

Bookkeeping Terms Starting With Letter P

Accounting Definitions P - There are hundreds of accounting definitions, financial meanings and bookkeeping terms here in my accounting terms glossary.

Accounting Definitions P

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Accounting Definitions P
Bookkeeping Terms Starting With The Letter P

Accounting Definitions P:

Partnership:

A company set up by two or more people who put money into the business and share the financial risks and profits.

Prepaid Expenses:

To pay in advance for goods or services.

Prepaid Income:

To receive income in advance for goods or services. 

Price Earnings Ratio:

The ratio of a share's price to its earnings, which provides an indication of its value. Profit and Loss Statement:

It is also called a "P&L" and income statement. It shows a company's business revenue and expenses for a specific period of time.

Profit Plan:

A written plan on how to gain financial profit from something.

Proprietorship:

The owner of a commercial enterprise or establishment such as a store, hotel, or restaurant.

Purchases:

To buy something using money or its equivalent.

Thank you for visiting my Accounting Definitions P page to find bookkeeping terms starting with the letter P.

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