the action or process of keeping financial accounts.
"an investigation into suspected false accounting"
Example: I am very good in the accounting world.
en: comptabilité
asset
Noun
property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
Example: We all have assets nowdays
en: actif
Bad dept
noun and adjective
a debt that cannot be recovered.
Example: The compagny of my cousin is not doing well, he's in bad dept
en: mauvaise créance
balance sheet
noun
a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
Example: My boss weren't happy when he saw the balance sheet
en: bilan
business income
noun and noun
Business income is income you earn from a profession, a trade, a manufacture or undertaking of any kind, an adventure or concern in the nature of trade, or any other activity you carry on for profit and there is evidence to support that intention. For example, income from a service business is business income
Example: My business income this year are very good
en: revenue d'entreprise
capital loss
noun
A capital loss is the loss incurred when a capital asset, such as an investment or real estate, decreases in value.
Example: My proprety loss value so i got a capital loss
en: perte en capital
capital profit
all noun
Capital profit is a type of profit that is realized when a capital asset is sold. The purpose in identifying profit that is realized due to the sale of an existing asset is often associated with tax laws that require the assessment of taxes on this type of activity be calculated differently from the realization of other types of profit.
Example: My property got more value this year, i got a capital profit
en: gain en capital
compound interest investment
all noun
Compound interest (or compounding interest) is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.
Example: My father got a compound interest investment for a long time
en: placement à taux d'intéret composé
contribution
noun
A contribution is a way for you and your employer to set aside money for your retirement. A defined contribution plan is the most common type of pension.
Example: I got contribution in my REER
en: cotisation
deduction allowed
noun and adjective
According to US Tax Law, Allowable Deductions are the deductions allowed by IRS to a taxpayer to be subtracted from their gross income for a particular taxable year. They are also called above the line deductions.
Example: My loss in stockmarket are deduction allowed
en: déductions permises
general partnership
adjectif and noun
A general partnership is a business arrangement by which two or more individuals agree to share in all assets, profits, and financial and legal liabilities of a jointly-owned business.
Example: Google is a general partnership compagny
en: société à nom collectif
government taxes
noun
A tax is a mandatory fee or financial charge levied by any government on an individual or an organization to collect revenue for public works providing the best facilities and infrastructure. The collected fund is then used to fund different public expenditure programs.
Example: This year, I had many government taxes to pay
en: taxes gouvernementales
net income
noun
Net income is gross profit minus all other expenses and costs as well as any other income and revenue sources that are not included in gross income.
Example: I got a 2 millions dollars net income this year
en: profit net
net worth
noun
Net worth is the value of the assets a person or corporation owns, minus the liabilities they owe.
Example: My net value is 350,000$
en: valeur nette
passive
noun
Unlike active traders, passive investors do not seek to profit from short-term price fluctuations or market timing.
Example: He has a passive strategy for his market stock
en: passif
salaried
noun
receiving or recompensed by a salary rather than a wage.
Example: I got two salaried persons in my business
en: un salarié
stock taking
it's an action
assess and record the amount of stock held by a business.
Example: My cousin doesn't like to stocktake
en: faire l'inventaire
tax credit
noun
an amount of money that can be offset against a tax liability.
Example: I got a big tax credit because of my loss on the stock market
en: crédit d'impot
tax system
noun
tax system - a legal system for assessing and collecting taxes. legal system - a system for interpreting and enforcing the laws.
Example: I will be learning tax system in 5 years
en: fiscalité
the stock market
noun and noun
a stock exchange.
Example: the stock market in québec start at 9:30am and it's close the weekend
