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Accounting Terms

Horizontales
Financial report that summarizes a company's assets, liabilities and owner or shareholder equity
AP
financial asset or the value of a financial asset
AR
revenue or expense expected to be generated through business activities
accounting entry that may either decrease assets or increase liabilities
record of the financial transactions
individual or organization can no longer meet financial obligations
Verticales
COGS
group of securities that behaves similarly in the marketplace
ACCG
process of allocating or spreading capital investments
____________ is calculated by subtracting total expenses from total revenues.
tax professional who represents taxpayers in matters where they are dealing with the Internal Revenue Service
Day to Day costs
accounting entry where there is either an increase in assets or a decrease in liabilities