Accounts payable is the money your business owes to suppliers and vendors for goods or services received but not yet pai…
Accounts receivable is the money owed to your business by customers for goods or services you have delivered but not yet…
Accrual accounting records revenue when it is earned and expenses when they are incurred, regardless of when cash actual…
Accrued liabilities are expenses a business has incurred but not yet paid or been billed for, recorded so the period ref…
Accumulated depreciation is the total depreciation charged against an asset since it was acquired, a contra-asset accoun…
The adjusted cost base is the tax cost of a capital property, its original purchase price plus acquisition costs and cer…
An adjusting entry is a journal entry made at the end of a period to record revenue earned or expenses incurred that hav…
The allowance for doubtful accounts is a contra-asset estimating the portion of receivables not expected to be collected…
Amortization spreads the cost of an intangible asset, or the repayment of a loan, over time rather than recognising it a…
An angel investor is a wealthy individual who invests their own money in early-stage startups, usually in exchange for e…
Articles of incorporation are the founding legal document that creates a corporation, setting out its name, share struct…
An asset is anything of value your business owns or controls that is expected to provide future economic benefit, from c…
The attribution rules prevent income splitting by taxing income back to the person who transferred property to a spouse …