Accounting Terms Dictionary

Select a letter below to view all accounting terms that begin with that letter.


A deductible, reportable expense that was bought on credit.

On December 31, 2017 I bought $1000 worth of computer paper and charged it to VISA. I will record the $1000 expense on both my financial statements and my income tax return for 2017 even though I won’t pay the bill until January 2018.

There is currently no content classified with this term.

Get instant access to step-by-step instructions on how to apply and sit for the CPA Exam.

Expected or Past Undergrad Graduation Date*

When Do You Plan to Start Studying?