The term Basic Accounting III

Here is the continuation of Accounting II term that II have written before.

1. Finished goods are goods that have been fully processed and ready for the market.
2. Fixed Assets are the fixed assets.
3. Fixed Cost is the fixed cost.
4. FIFO (First inFierst Out) is a method of goods where the goods are purchased earlier issued earlier as well so as the rest is the most recent item purchased.
5. FOB (Free On Board) is a condition of the goods which the seller pays all costs until on board.
6. General Operating Expense is the general operating expenses.
7. Gross Profit is gross profit / gross is the amount of gross sales minus the cost of goods.
8. Gross Profit Gross profit on sales is net sales of foreign sales to cost of goods penjuala.
9. Imprest Petty Cash System is a system of small funds that remain, sybstem control of cash which the small amount of cash receipts and cash in petty cash should be equal in number with a specified amount of cash paid big.
10. Income Statement is a list of income or profit and loss statements of an enterprise during a certain period.

The Term Basic Accounting II

Here is the continuation of Accounting I term that I have written before.
1. Current Assets are assets / assets lancer.
2. Current Liabilities are short-term debt.
3. Cost Accountant is cost accounting and cost of goods.
4. Cost of Capital is the cost of capital, ie the minimum desired rate of return by a company.
5. Cost of Goods Sold is the cost of goods sold, namely beginning inventory + purchases - ending inventory.
6. Creditor is a creditor, one to whom a company owes money (the person / agency / company owes).
7. Current Ratio is the ratio of working capital or liquidity ratios, namely the comparison between total assets, assets lancer and the amount of debts smoothly.
8. Deficit is a debit balance in retained earnings estimates.
9. Demand deposits are checking accounts, deposit money in the bank that can be taken at any time necessary.
10. Depreciation Expense is the cost of depreciation of fixed assets for use.

Term Basic Accounting I

As a layman, or student / student who just entered college semester (one) may be confused about the terms of the economy, especially the term accounting. Here are some accounting terms which may help you understand the term.

1. Account is the accounting records of an organization / demand forecasts in the Bank.
2. Accounting is a system for recording, classification and evaluation of financial transactions undertaken by the company / business.
3. Accounts Payable Accounts Payable is, the company's obligation to another party to purchase goods and services on credit.
4. Recievable Account is Accounts Receivable, which the company bills to its customers for goods and services sold on credit.
5. Accrued Expense is the cost accrued by the end of accounting period.
6. Accumulated depreciation Depreciation is collected for 1 (one) year and the balance to reduce the balance of Fixed assets are depreciated.
7. Adjusting Journal Entry is a post adjusting entries to correct the posts at the end of accounting period.
8. Allowance for Bad debts are the elimination of reserves for doubtful accounts.
9. Assets are assets that property owned by a company.
10. Auditing is a systematic examination of appropriate accounting principles on reports compiled by a company.

Careful When Shopping

When the dollar rises, this is the moment you should be careful in spending your money. Why? Because when dollar goes up, then all the needs of its price go up while you can pay each month remains. So how do I keep saving while all the needs of the price goes up? Controlling the shopping is very important especially if you apply you're shopping at the Mall. For women shopping at the Mall was very fun because you can pick and choose the goods you buy, but it's on the Mall are also many options available. And you realize that you originally planned to buy only one item can be spread to other goods. Especially if you have a credit card, you casually swipe all over the place here to unwittingly exceed your spending limit is determined by your credit card. You need to know, so many people feel uneasy when looking at the financial condition that is not balanced by the amount of goods they purchase. In fact, frequently purchased goods is not a requirement but rather a primary or secondary or tertiary needs that have not been necessary at all. Here are some ways to control the condition of your wallet when shopping, among others: