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
Imports :

Goods or services bought from a foreign country and brought into a buyer’s home country

Income statement :

A financial statement showing the revenue and expenses for a fiscal period

Indirect expense :

An operating expense chargeable to overall business operations and not identifiable with a specific department

Indirect labor :

Salaries paid to factory workers who are not actually making products.

Indirect materials :

Materials used in the completion of a product that are of insignificant value to justify accounting for separately

Intangible assets :

Assets of a non-physical nature that have value for a business

Interest :

An amount paid for the use of money for a period of time

Interest expense :

The interest accrued on money borrowed

Interest income :

The interest earned on money loaned

Interest rate of a note :

The percentage of the principal that is paid for use of the money

Interim departmental statement of gross profit :

A statement showing gross profit for each department for a portion of a fiscal period

Inventory :

The amount of goods on hand.

Inventory record :

A form used during a periodic inventory to record information about each item of merchandise on hand

Investing activities :

Cash receipts and cash payments involving the sale or purchase of assets used to earn revenue over a period of time

Invoice :

A form describing the goods or services sold, the quantity, and the price

Income :

Amount of sales made in the current financial year regardless of whether cash has been received or not.