debit account

If the entries on the left hand exceed in amount the entries on the right hand, the account is a debit account or an asset, and its value is the excess.

1891 May, Joseph Hardcastle, “Talks on Accounts”, in Business, volume 10:

(accounting) An account in which credits (money owed to the business) exceed debits (expenses).

For two months past the Director has had personally to meet deficiencies in the working expenses of the Institute and so our semi-annual account stands with a few dollars to the debit account.

1916, Semi-annual Report of the International Institute of China, page 2:

(accounting) An account in which debits exceed credits.


transfer pricing

(accounting) The rules and methods for pricing transactions within and between enterprises under common ownership or control.


shadow account

(accounting, finance) A secondary representation of a financial account, especially one used to perform an independent verification.


personal ledger

en-noun

personal ledger (plural personal ledgers)

Coordinate term: real ledger

(accounting, business) A book or a computer document containing personal accounts, chiefly those of creditors and debtors.


real ledger

Coordinate term: personal ledger

(accounting, business) A book or a computer document containing amounts relating to property and equipment.


useful life

(accounting) The time during which something is productive.


revenue recognition

(accounting) The point at which revenue is recognized or recorded, which, depending on the system, may be when the money is received (cash basis), or may be when goods are transferred to the customer (accrual basis).


project accounting

(business, accounting) A type of managerial accounting oriented toward the goals of project management and delivery.


WCR

Coordinate term: WC

working capital requirement
working capital requirement#English

(business, accounting) Initialism of working capital requirement.


working capital requirement

working capital requirement (uncountable)

(business, accounting) The minimum amount of working capital that a business needs to run its operations smoothly.


margin of safety

margin of safety (plural margins of safety)

(accounting) The strength of a business measured by the amount of income earned above the break-even point.


cost base

(finance, accounting, UK, Australia, New Zealand) The fixed costs, and sometimes all other costs as well, involved in running a company or producing a product.


days sales outstanding

(accounting) The ratio of the number of accounts receivable to the average number of sales per day, used as an estimate of the number of days needed to collect all accounts receivable.


green accounting

(accounting, ecology) A type of accounting that attempts to factor environmental costs into the financial results of operations.


accountant's letter

accountant's letter (plural accountant's letters)

(accounting, finance) A written statement by an independent auditor that precedes a company's financial report.


shadow accounting

(accounting, finance) The practice of maintaining financial records and calculations in a separate system from official sources.