Date of a note :

The day a note is signed.

Date of declaration :

The date on which a board of directors votes to distribute a dividend.

Date of payment :

The date on which dividends are actually to be paid to stockholders

Debit :

Expenses in the profit and loss or asset in the balance sheet.

Debit memorandum :

A form prepared by the customer showing the price deduction taken by the customer for returns and allowances

Debt ratio :

The ratio found by dividing total liabilities by total assets

Declaring a dividend :

Action by a board of directors to distribute corporate earnings to stockholders

Declining : balance method of depreciation -

Multiplying the book value by a constant depreciation rate at the end of each fiscal period

Deficit :

The amount by which allowances to partners exceed net income.

Debenture :

A written acknowledgement of a debt – a name used for loan financing taken up by a company.

Departmental accounting system :

An accounting system showing accounting information for two or more departments

Departmental margin :

The revenue earned by a department less its cost of merchandise sold and less its direct expenses

Departmental margin statement :

A statement that reports departmental margin for a specific department

Departmental statement of gross profit :

A statement prepared at the end of a fiscal period showing the gross profit for each department

Depletion :

The decrease in the value of a plant asset because of the removal of a natural resource

Depreciation expense :

The portion of a plant asset’s cost that is transferred to an expense account in each fiscal period during a plant asset’s useful life.

Direct expense :

An operating expense identifiable with and chargeable to the operation of a specific department.

Direct labor :

Salaries of factory workers who make a product

Direct materials :

Materials that are of significant value in the cost of and that become an identifiable part of a finished product

Direct write-off method of recording losses from uncollectible accounts:

Recording uncollectible accounts expense only when an amount is actually known to be uncollectible

Discount on capital stock :

An amount less than par or stated value at which capital stock is sold

Dishonored check :

A check that a bank refuses to pay

Dishonored note :

A note that is not paid when due

Distribution of net income statement :

A partnership financial statement showing net income or loss distribution to partners

Dividends :

earnings distributed to stockholders

Double-entry accounting :

the recording of debit and credit parts of a transaction

Draft :

a written, signed, and dated order from one party ordering another party, usually a bank, to pay money to a third party

the recording of debit and credit parts of a transaction

Debtor :

Amount owed to the business from a customer. Doubtful debts : Amounts due from credit customers where there is concern that the customer may be unable to pay.

Discount :

It is the deduction in the price of the goods sold or buying.

Double Entry :

System of book keeping where all transaction have two entries , a debit and a credits which net to Zero.

Donations :

Any money you are given that does not have any conditions attached

Drawings :

Withdrawing of money and or goods by the owner from the business for personal use.