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Basic Accounting Terms - Coggle Diagram
Basic Accounting Terms
Business transactions
relationship with accounting unit
internal transactions / accounting transations
external transactions / business transactions
mode of settlement of value
cash transaction
credit transaction
account
capital
liability
current liability
assets
non - current liability
drawings
reciept
revenue reciept
capital reciept
assets
current asstets
fictitious assets
non - current assets
tangible assets
intangibie assets
expenditure
revenue expenditure
deferred revenue expenditure
capital expenditure
income
expenses
accured expenses
prepaid expenses
profit
gross profit
net profit
gain
loss
trade receivables
bills receivables
trade payables
bills payable
purchases
purchase return
sales
sales return
goods
stock/inventory
opening inventory
closing inventory
discount
trade discount
cash discount
cost
voucher
bad debt
balance sheet
book value
debit
credit
books of account
cost of goods sold
depreciation
entity
entry
solvent
insolvent
rebate
financial statements
properator