Adjusted Gross Income
allowable adjustments to the gross
Accelerated Cost-Recovery System
(ACRS)
is a depreciation method that is
implemented by the IRS for
property placed in service after 1980
through 1986.
Account Register
a separate form for recording all
checking account transactions. It
also shows the account balance.
Accounts Payable
a current liability for merchandise
or services that have not been paid
for.
Accounts Receivable
a current asset that is the money
owed by customers.
Accountancy Bussiness and Management
Annual Percentage Yield (APY)
effective rate of interest for an
investment.
Annuity Due
annuity for which payments are
made at the beginning of each
period.
Annuity Payment
a series of equal periodic payments
put into an interest-bearing
account for a specific number of
periods.
Approximate Number
a rounded amount.
Arbitratio
referral of a dispute to a third party
for settlement or advice; method of
settling an industrial dispute where
a third party renders.
Accountancy Bussiness and Management
income, such as qualifying IRAs,
tax-sheltered annuities, 401k's, or
employer-sponsored child care or
medical plans.
Adjusted Statement Balance
consists of the balance on the bank
statement plus any outstanding
deposits minus any outstanding
checks.
Allowances
See Sales returns.
Amortization
the process for repaying a loan
through equal payments at a
specified rate for a specific length
of time.
Accountancy Bussiness and Management
Automatic Drafts
periodic withdrawals that the
owner of an account authorizes to
be made electronically.
Automatic Teller Machine (ATM)
an electronic banking station that
accepts deposits and disburses
cash when you use an authorized
ATM card, a debit card.
Average Annual Yield
See Current bond yield.
Average Daily Balance
the average of the daily balances
for each day in the billing cycle.
Average Daily Balance Method
the daily balances of the account
are determined, then the sum of
these balances is divided by the
number of days in the billing cycle.
Accountancy Bussiness and Management
Amortization Schedule
a table
V that shows the balance of
principal and interest for each
payment of the mortgage.
Amount Credit
the sum of the partial payment and
the partial discount.
Amount Financed
the total amount that is to be paid
in regular payments.
Amount of an Annuity
the sum of the annuity payments
plus the interest.
Accumulated Depreciation
the current year's depreciation plus
all previous years' depreciation.
Acid-Test Ratio or Quick Ratio
the ratio of quick current assets to
current liabilities.
Acid Test Ratio or Current Assets
current liabilities. This measures
liquidity.
Acquisition
one firm gains a controlling
interest in another.
Addends

Annual Percentage Rate (APR) numbers being added.

Adjustable-Rate Mortgage
the true rate of an installment loan
that is equivalent to an annual the interest rate may change
simple interest rate. during the time of the loan.

Accountancy Bussiness and Management Accountancy Bussiness and Management

Accounts Receivable
a current
Assessed asset that is the money
Value
owed by customers.
is the specified percent of the
Accumulated Depreciation
estimated market value of the
B2B property.
the current year's depreciation plus
allTurnover
Asset previous years'
Ratiodepreciation.
A B2B business is one that offers
products or services directly to other Acid-Test Ratio
the ratio of or Quick
net sales to the Ratio
average
businesses. The business can be the total assets.
the ratio of quick current assets to
end buyer, such as when a company
current liabilities.
Assets
hires a copywriter (the copywriter is
the B2B business) or it can be a Acid Test Ratio
properties ownedorby
Current
the business,
source of the business, such as a including anything of monetary value
Assets
drop shipper who provides products and anything that can be exchanged
current
for liabilities.
cash or This measures
other property.
to other companies who then sell
liquidity.
them to the end user. The drop Associative Property of Addition
shipper is a B2B company. Acquisition
when more than two numbers are
one firm
thegains a controlling
B2C added, addends can be grouped
interest in another.
two at a time in any way.
B2C is an acronym for business-to-
consumer. A B2C business is one
Addends
Attrition
that sells products or services numbers in
decrease being
totaladded.
employment of an
directly to the consumer. organisation or industry through the
normal course of events.

Accountancy Bussiness and Management Accountancy Bussiness and Management

 Accountancy Bussiness and Management Accountancy Bussiness and Management

Accountancy Bussiness and Management