Glossary Terms: A

Showing 10 terms starting with 'A'

Short-term obligations owed to suppliers for goods or services received.

Amounts owed to a business by customers for credit sales.

Accounting method that records income and expenses when they are earned or incurred, not when cash moves.

Income tax paid in installments during the financial year based on estimated income.

Yearly statutory filing that summarizes a company’s key information and compliance status.

Price charged in a transaction between related parties as if they were independent.

Legal document that outlines a company’s internal rules and governance structure.

Ratio that measures how efficiently a business uses assets to generate revenue.

Chronological record of changes and transactions used for traceability and verification.

Maximum share capital a company is allowed to issue as per its charter.

Need Help Understanding These Terms?

Our experts are ready to explain and assist you