Common accounting English words include:
1. Stock Short-$ TERM investments-stock
Stock is a certificate of ownership issued by a joint-stock company, and it is a kind of valuable securities issued by a joint-stock company to all shareholders as a shareholding certificate to raise funds, so as to obtain dividends and bonuses.
2. Bank acceptance
Bank acceptance is a kind of commercial bill. Refers to a bill issued by a depositor who opens a deposit account in an acceptance bank, applied to the opening bank and accepted by the bank, and guaranteed to unconditionally pay a certain amount to the payee or holder on a specified date.
3. Interest receivable
Interest receivable refers to the bond interest that has reached the interest payment period but has not been received in the actual price paid for short-term bond investment.
4. Inventories Finished goods
Inventories refer to products that the enterprise has completed all the production processes, accepted and put into storage, meet the standard specifications and technical conditions, can be sent to the ordering unit according to the conditions stipulated in the contract, or can be sold as commodities, and all kinds of commodities that have been purchased or entrusted for processing, accepted and put into storage for sale. In short, inventory goods refer to all goods that are idle, used for the future and have economic value.
5. Long-term investment
Long-term investment refers to the foreign investment of enterprises that are not ready to be realized at any time and have been held for more than one year. The reason why long-term investment is different from short-term investment is not only the length of investment period, but also the difference of investment purpose.
6. cash
Cash refers to a medium of exchange that can be put into circulation immediately within a certain range as determined by the laws of sovereign countries.
7. impairment reserve
impairment reserve means that the book value of an asset exceeds its recoverable amount. To judge whether an asset is impaired, it should be based on some signs that the asset may have been impaired. If there are any signs, the enterprise should formally estimate its recoverable amount.
8. Fixed assets
Fixed assets refer to non-monetary assets held by an enterprise for producing products, providing labor services, renting or operating management, which have been used for more than 12 months and have reached a certain value, including houses, buildings, machines, machinery, means of transportation and other equipment, appliances and tools related to production and business activities.
9. Accumulated depreciation
The "Accumulated Depreciation" account belongs to the allowance adjustment account of the asset class, and its structure is just the opposite of that of the general asset account. The credit registration is increased, the debit registration is decreased, and the balance is in the credit.
1. Construction-in-process
Construction-in-process refers to the unfinished project expenditures such as new construction, reconstruction and expansion of enterprise assets, or technical transformation, equipment renewal and major repair projects. Projects under construction usually have two ways: "self-supporting" and "contracting out".