Accounting and Management Glossary

This glossary is related to the field of accounting and management. In this glossary you will find most of the words that we use in this field.

Asset

It is an article that are owned by a person or a company. The article should have a value.

Bank loan 

It is money that we can get from the bank but it should be returned to the bank with interest.

Customers

A person who procures products or service from another person or a store.

Calculator

It is a machine that we use to calculate operations.

Discount

To deduct an amount of the real price,

Employer

A person who hires people to work and they are paid.

Sale

It is a quantity of stock that have been sold.

Salary

It is an amount of money that you receive for the work that you do for every two weeks.

Purchase

It is a product that we buy. To buy the product we have to a payment.

Inventory

It is the quantity of stock that a company have.

Commission

It is an amount that we pay to an employee. But this amount depends on how much sales that the employee have done.

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