Glossary

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Looking for a quick definition?

We’ve got loads of key subject terms in our subject glossaries. There are three ways of finding what you are looking for:

  • First click on the letters of the alphabet to browse for terms.
  • Select a subject from the drop-down menu above to filter the terms by Subject.
  • Or lastly, type the term you are looking for into the search box.

EXAMPLES

Here are some examples of the kinds of definitions you’ll find on this page.

Subject:

account that offsets another account: debit the one and credit the other.

Subject:

accounts in the General Ledger that contain the credit and debit totals of other accounts.

Subject:

internal control measure applied by correcting the effects of undesired events.

Subject:

(also called expense) money that the business spends

Subject:

the amount it cost to produce an item, without any profit to the producer

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