CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Trading & Profit or Loss Account

What are the ...

Question

What are the 10 accounting terms?

Open in App

Solution

The basic ten accounting terms are:

Assets

Liabilities

Balance sheet

Journal entries

Receipts

Payments

Gross profit/loss

Trial balance

Trade discount

Revenues

Suggest Corrections

thumbs-up

8

Similar questions

Explain the terms ‘Over-subscription’ and ‘Under-subscription’. How are they dealt with in accounting records?

Q. Explain each of the following accounting terms with examples.
Fixed assets
Gain
Profit
Revenue
Expenses
Short term liability
Capital

Q. explain the term accounting

What are the objectives of Accounting Standards?

Q. The sum of first

10

20

terms of an AP are

120

440

respectively. What is the common difference?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Trading & Profit or Loss Account

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon