Accounting Vocabulary Words List In English | Business Vocabulary
This lesson will help you to learn about the English Vocabulary Of Business and Accounting. In this lesson, we’ll cover some English words which we used in Our Daily life Business when we’re doing deal with someone or else.
List Of Business Vocabulary With Explanation:
An audit is an investigation to see if a set of financial statements are accurate.
When businesses want to buy another business, they will use corporate finance to work out how healthy that other business is in terms of their accounts.
This is something used to keep a record of customers who owe money to a business.
Everyone knows what a year is, maybe even an academic or school year, maybe even a tax year, but a fiscal year can be completely different.
This is purely accounting used for investigating criminal, civil, and insurance matters for the courts.
Not For Profit
An organization can be classed as “not for profit”. These organizations or businesses can include sports clubs, hobby groups or societies, or groups that do charitable work.
Start-up companies might look for this. It is a first investment, normally given by a bank, venture capitalist.
You will likely be familiar with this term already. Tax is a set of money that you have to pay to the government, often related to income.