Accounting glossary

15 null terms

Acquisition cost: noun; It’s the amount that you exchange against a property when taking possession; Example: The acquisition cost of this truck is 5000$; fr: Coût d'acquisition
Balance sheet: noun; A balance sheet is a financial statement that defines the value of a business on a specific date; Example: I have just finished producing my balance sheet; fr: Bilan
Bank reconciliation: noun; A bank reconciliation ensures the integration of amounts and balances between the books and the bank account; Example: I just received the list of banking transactions. Could you do the bank reconciliation?; fr: Rapprochement bancaire
Book value: noun; A book value it is a different value than the market value. She only appears in the company books; Example: The book values of the truck are less than the market value; fr: Valeur comptable
Charges: noun; A charge is a cost linked to the services or product sales and its proper functioning; Example: In the income statement, there are many charges; fr: Charges
Check: noun; A check is a method of payment; Example: I paid with the check; fr: Chèque
Credit note: noun; A credit note is note which decreases what you have to pay to the suppliers. We usually get a credit note when we are not satisfied with the service; Example: We will send you a credit note for the damage; fr: Note de crédit
Depreciation rate: phrase; It is a rate which defines the speed at which a property loses its value; Example: The depreciation rate of the truck is 10%; fr: Taux d'amortissement
Dividend: noun; A dividend it’s an amount that the company gives to their shareholders for their contributions; Example: I have received a dividend in my bank account this morning; fr: Dividende
Doubtful debts: noun; An account for those in whom we have little confidence in the payment; Example: I don't think this client is going to pay me. I would write it down in doubtful debts; fr: Créances douteuses
Immobilization: noun; An immobilization it's an active who adds a certain value to the company. Often, it has a great value; Example: The truck is an immobilization; fr: Immobilisation
Income statements: noun; Is a financial statement who resumes the activities over a given period; Example: It's important to make a good income statements; fr: État des résultats
Interest: noun; It’s the part of a bank loan where we pay a surplus which in no way reduces the principal of the debt. A rate is often linked to it.; Example: The interest rate of my bank loan is 9%; fr: Intérêts
Provisional budget: phrase; Is a tool that allows, at the start of each financial year, to quantify its objectives.; Example: We have made the provisional budget for March 2021; fr: Budget prévisionnel
Sales discounts: phrase; When the clients pay before a certain payment term, he may be entitled to a reduction in the price of his invoice; Example: I save a lot of money with sales discounts; fr: Escomptes sur ventes