Accounting Terminology

What is an accounting term that is interchangeable with revenue? an accounting term that is interchangeable with revenue is. sales. Read more on quizlet.com Revenue, which denotes the income produced by a corporation via the sale of goods or services, is a key phrase in accounting. Sales, on the other hand, is a phrase used … Read more

What are three types of personal accounts? Types of Accounts Natural Personal Account. Artificial Personal Account. Representative Personal Account. Read more on quickbooks.intuit.com One of the three categories of accounts used in accounting are personal accounts, sometimes known as individual accounts. Real accounts and nominal accounts are the other two categories. Transactions involving people or … Read more

What is the other term for statement of financial position? Balance Sheet (also known as statement of financial condition or statement of financial position): An itemized financial statement that lists assets, liabilities, and equity. Read more on www.apaservices.org The statement of financial position, which summarizes a company’s overall financial situation, is an essential accounting document. … Read more