A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Capital :

Amount invested in the business (usually at startup but may include additional funds raised)

Capital stock :

Total shares of ownership in a corporation

Callable bound :

A bond that is callable by the issuer at a certain price. The price and other conditions are disclosed in the bond's indenture.

Call premium :

The difference between the call price of a bond or preferred stock and its stated or par value.

Call Price :

The amount at which the holder of preferred stock or bonds must sell the stock or bonds back to the issuing corporation. The call price is disclosed in the indenture. The call price might be the face or par amount plus one year's interest or dividend.

Capital Expenditure :

Amount Spend for property , plants and machinery.

Capital lease :

A lease that "in substance" is a purchase and financing Arrangement. When a lease meets certain criteria, the asset being "rented" is recorded as an asset and a liability is also recorded.

Cash basis of accounting :

The accounting method that records revenues when they are received and expenses when they are paid

Cashier check :

A check drawn on a bank. A cashier's check leaves no doubt that the funds represented by the check are real. A bank money order or a certified check would also assure the payee that the funds are in the bank.

Company’s Act :

The Companies Act 1985 as modified by the Companies Act 1989. Legislation to control the activities of limited liability companies.

Cash budget :

A statement that shows for each month or quarter a projection of a company’s beginning cash balance, cash receipts, cash payments, and ending cash balance

Cash discount :

A deduction from the invoice amount, allowed by a vendor to encourage early payment

Cash flows :

The cash receipts and cash payments of a company

Cash over :

A petty cash on hand amount that is more than a recorded amount

Cash payments budget schedule :

Projected cash payments

Cash payments journal :

A special journal used to record only cash payment transactions.

Cash Receipt :

The collection of money(currency, coins, checks). Not to be confused with revenues

Cash receipts budget schedule :

Projected cash receipts

Cash receipts journal :

A special journal used to record only cash receipt transactions

Cash sale :

A sale in which cash is received for the total amount of the sale at the time of the transaction

Cash short :

A petty cash on hand amount that is less than a recorded amount

Certificate of deposit :

A document issued by a bank as evidence of money invested with the bank

Chart of accounts :

A list of accounts used by a business

Charter :

The approved articles of incorporation

Check :

A business form ordering a bank to pay cash from a bank account

Check register :

A journal used in a voucher system to record cash payments

Checking account :

A bank account from which payments can be ordered by a depositor

Closing entries :

Journal entries used to prepare temporary accounts for a new fiscal period

Cash discount :

A deduction from the invoice amount, allowed by a vendor to encourage early payment

Commercial invoice :

A statement prepared by the seller of merchandise addressed to the buyer, showing A detailed listing and description of merchandise sold, including prices and terms

Common stock :

Stock that does not give stockholders any special preferences

Comparative income statement :

An income statement containing sales, cost, and expense information for two or more years

Component percentage :

The percentage relationship between one financial statement item and the total that includes that item.

Contingent liabilities :

Liabilities not recorded on a company's financial reports, but which might become due. If a company is being sued, it has a contingent liability that will become a real liability if the company loses the suit.

Consignee :

The person or business who receives goods on consignment

Consignment :

Goods that are given to a business to sell, but for which title to the goods remains with the vendor

Consignor :

The person or business who gives goods on consignment

Consigned Goods :

Merchandise that is not owned by the party in possession of the goods.

Contra account :

An account that reduces a related account on a financial statement

Contra balance :

An account balance that is opposite the normal balance

Contract of sale :

A document that details all the terms agreed to by seller and buyer for a sales transaction

Contribution margin :

Income determined by subtracting all variable costs from net sales

Controlling account :

An account in a general ledger that summarizes all accounts in a subsidiary ledger

Corporation :

An organization with the legal rights of a person and which may be owned by many persons.

Copy Right :

An exclusive right granted by the federal government to publish and sell various works. In accounting a copyright is recorded at its cost and is reported on the balance sheet as an intangible asset.

Correcting entry :

A journal entry made to correct an error in the ledger.

Cost :

In accounting, cost is defined as the cash amount (or the cash equivalent) given up for an asset. Cost includes all costs necessary to get an asset in place and ready for use.

Cost accounting :

The determination and control of costs of a business enterprise.

Cost Ratio :

In estimating the ending inventory under the retail method the cost ratio is the cost of goods available divided by the retail value of the goods available.

Cost ledger :

A ledger containing all cost sheets for products in the process of being manufactured

Cost of merchandise :

The price a business pays for goods it purchases to sell

Cost of merchandise sold :

The total original price of all merchandise sold during a fiscal period.

Coupon :

Rate of interest payable on a loan.

Credit :

An amount recorded on the right side of a T account

Credit card sale :

A sale in which a credit card is used for the total amount of the sale at the time of the transaction

Credit memorandum :

A form prepared by the vendor showing the amount deducted for returns and allowances

Creditor :

A person or organization to whom a liability is owed

Current liabilities :

Liabilities due within a short time, usually within a year

Current Value :
The present Faire market value. Conversion period : It’s a period in which the account are converted or transferred over , from one system to another.
Cost of Sales : Expenses in the financial year which can be directly attributed to sales of those goods or service.

Credit Balance :

A balance on the right side (credit side) of an account in the general ledger.

Creditor :

Amount owed to supplier from the business .

Current Liability :

Short term liability (Items or amounts to be paid within 12 months)

Credit Sales :

Sales made on account. Sales where the customer is allowed to pay at a later date. Noncash sales.