English Dictionary
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Publicado: 21 de abril de 2012
cENGLISH DICTIONARY
Accounting records: when we write in the general ledger and balance, these numbers we use to buy and sell. It´s where checked in the economic activity of the company.Adjustment: the end of the reporting period, the accounts must present their actual balance, since these values provide the basis for preparing financial statements.
When the account balances are notreal need to increase, decrease or corrected by an accounting entry called adjusting entry.
Amortization: a gradual decline of any debt over a period of time.
Assets: It is a tangible andintangible assets owned by a company. Is considered active assets that have a high future economic benefit.
Balance Sheet: the company’s financial status at any given time.
Cost: disbursements of moneyrequired for the production of a company manufacturing a product or providing a service.
Credit balance: pay bills “T” and your credit result.
Debit balance: pay bills “T” and your debit result.Depreciation: is suffering physical wear of fixed assets.
Economic Activity: any process by which we get products, goods and services that meet our needs.
Equity: It is the value resultingfrom the difference between assets and liabilities. Represents the contributions of the owner to build the company, including profits and reserves.
Expenses: It is the purchase of goods or servicesacquisition made by the company to operate it.
Financial Statements: a balance sheet through asset liability and equity serves to determine the value of the company.
Fundamental Equation: assets= liabilities + equity (A=P+P)
By adding the total value of the liabilities of an economic quantity is obtained as a total value that is equal to the assets of that entity.
Income: economicactivity related to the company, ie, profits generated by the company.
Liabilities: obligations or debts are owned by a company for goods or services proporsionar in the future.
Nature of accounts:...
Accounting records: when we write in the general ledger and balance, these numbers we use to buy and sell. It´s where checked in the economic activity of the company.Adjustment: the end of the reporting period, the accounts must present their actual balance, since these values provide the basis for preparing financial statements.
When the account balances are notreal need to increase, decrease or corrected by an accounting entry called adjusting entry.
Amortization: a gradual decline of any debt over a period of time.
Assets: It is a tangible andintangible assets owned by a company. Is considered active assets that have a high future economic benefit.
Balance Sheet: the company’s financial status at any given time.
Cost: disbursements of moneyrequired for the production of a company manufacturing a product or providing a service.
Credit balance: pay bills “T” and your credit result.
Debit balance: pay bills “T” and your debit result.Depreciation: is suffering physical wear of fixed assets.
Economic Activity: any process by which we get products, goods and services that meet our needs.
Equity: It is the value resultingfrom the difference between assets and liabilities. Represents the contributions of the owner to build the company, including profits and reserves.
Expenses: It is the purchase of goods or servicesacquisition made by the company to operate it.
Financial Statements: a balance sheet through asset liability and equity serves to determine the value of the company.
Fundamental Equation: assets= liabilities + equity (A=P+P)
By adding the total value of the liabilities of an economic quantity is obtained as a total value that is equal to the assets of that entity.
Income: economicactivity related to the company, ie, profits generated by the company.
Liabilities: obligations or debts are owned by a company for goods or services proporsionar in the future.
Nature of accounts:...
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