31. Accrued Income : Accrued income means income
which has been earned by the business during the accounting year but which has
not yet been due and, therefore, has not been received.
32. Out Standing Income : Outstanding Income means income
which has become due during the accounting year but which has not so far been
received by the firm.
33. Suspense Account: The suspense account is an account
to which the difference in the trial balance has been put temporarily.
34. Depletion: It implies removal
of an available but not replaceable source, Such as extracting coal from a coal
mine.
35. Amortization: The process
of writing of intangible assets is term as amortization.
36. Dilapidations: The term dilapidations to damage done
to a building or other property during tenancy.
37. Capital Employed: The term capital employed means
sum of total long term funds employed in the business. i.e.
(share capital+
reserves & surplus +long term loans – (non business assets + fictitious
assets)
38. Equity Shares:
Those shares which are not having pref. rights are called equity shares.
39. Pref.Shares: Those shares
which are carrying the pref.rights is called pref. shares
Pref.rights in respect of fixed
dividend. Pref.right to repayment of capital in
the even of company winding up.
40. Leverage: It is a force applied at a
particular point to get the desired result.
No comments:
Post a Comment