Basic Accounting Terms

Business
Transaction, Capital, Drawings. Liabilities
(Non Current and Current). Assets (Non
Current, Current); Fixed assets (Tangible and
Intangible), Expenditure (Capital and
Revenue), Expense, Income, Profit, Gain,
Loss, Purchase, Sales, Goods, Stock,
Debtor, Creditor, Voucher, Discount (Trade
discount and Cash Discount)