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Accountant Terms


  > Double-Entry Accounting
A system of accounting that records each business transaction twice.
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  > Accounts Receivable
Amounts owed to a business that the business expects to receive.
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  > Net Income
Gross income less expenses; it represents a business's profit for a given year.
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Latest News
  Latest accountant news in West Virginia and nationwide:

Jul 31, 2006 - FASB To Simplify Accounting For Separately Recognized Servicing Assets And Liabilities
The FASB today issued Statement of Financial Accounting Standards No. 156, Accounting for Servicing of Financial Assets. T...
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Jul 14, 2006 - Lt. Governor Denish To Swear In New Accountants
Albuquerque—The Regulation and Licensing Department’s Public Accountancy Board membersand special guest Lt. Governor ...
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Jun 28, 2006 - International Accounting Standards Committee
International Accounting Standards Committee

The Trustees of the International Accounting Standar...

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