Accounting Terms

Contingent Assets
Contingent Assets
Contingent assets are those possible assets whose existence depends on unpredictable future events which may or may not occur and
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accounts_payable
Accounts Payable
Account payable is a current liability, presented in the balance sheet liability side. It's a short-term liability of a company
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Net Assets on AccountingMantra
Net Assets
Net worth or net assets means the excess of the total assets of a business over its total of liabilities
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Stock
Stock (Equity related)
The stock is a general term in the market world to represent a claim on one or more company's assets
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Transaction
Transaction
In Accounting, the term 'transaction' refers to any event which is measurable in the terms of money and which changes
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Net worth
Net Worth
Net worth or net assets means the excess of the total assets of a business over its total of liabilities
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Proprietor or Owner
Proprietor or Owner
Proprietor is the person who invests money or money’s worth into the business as a capital, and bears all the
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business-entity
Entity
The term 'Entity' means something or someone having a separate existence. It can be a thing or a person having
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