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
Gain :

A profit that arises from events or transaction which are incidental to business such as sale or fixed asset

Goods :

It refers to the product in which the business unit is dealing. I e . in terms of which it is buying and selling or producing and selling.

Gross Profit :

Sales less cost of sales.

Gaap :

GAAP stands for Generally Accepted Accounting Principles which are conventions, rules, and procedures necessary to define accepted accounting practice at a particular time.

Grand :

Money you are given from a grant making organization

Gain on plant assets :

Revenue that results when a plant asset is sold for more than book value

General amount column :

A journal amount column that is not headed with an account title

General fixed assets :

governmental properties that benefit future periods

General journal :

A journal with two amount columns in which all kinds of entries can be recorded

General ledger :

A ledger that contains all accounts needed to prepare financial statements

Goodwill :

The value of a business in excess of the total investment of owners

Gross profit method of estimating inventory :

Estimating inventory by using the previous year’s percentage of gross profit on operations

Gross profit on sales :

The revenue remaining after cost of merchandise sold has been deducted