Sunday, August 28, 2011

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.

11. Dividend income is distributed to shareholders in a Limited Company.
12. Dividend payable is accrued dividends to shareholders.
13. Drawing Account is an estimation of the ledger that records the making of money or property by the owner for his personal purposes.
14. Double Entry Bookkeeping / Accounting is a bookkeeping / accounting pairs, which is a technique for recording transactions in such a way that the debit amount equal to the amount of credit.
15. Ending Inventory is inventory at the end of a period.
16. Estimated Uncollectible Accounts is the estimated uncollectible accounts.
17. Factory Overhead is the indirect production costs, all operating costs except raw materials and factory direct wages.
18. FIFO (First In First Out) is a method where the items purchased earlier issued early anyway so the rest is the most recent item purchased.
19. LIFO (Last In First Out) is a method where goods are purchased the most recent released early, so the ending inventory is the earliest items purchased.
20. Financial Forecast is a financial forecast, the financial plan and a company and hopes perfect time to come.

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