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Accounting Glossary

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Alisha Hanif Jangda
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5 views1 page

Accounting Glossary

Uploaded by

Alisha Hanif Jangda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Accounting Glossary & Ratios

Term Definition
Assets Resources owned by a business
Liabilities Obligations of a business
Depreciation Reduction in value of an asset over time

Key Ratios:
Current Ratio = Current Assets / Current Liabilities
Gross Profit Margin = (Gross Profit / Revenue) × 100%

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