International Terminology Used in Accounting: Difference between revisions
Created page with "{| class="wikitable" |+ !UK Terminology !International Terminology |- |Profit and loss account |Statement of profit or loss |- |Balance sheet |Statement of financial position |- |Debtor / Customer |Trade receivable |- |Creditor / Supplier |Trade payable |- |Stock |Inventory |- |Capital |Equity |- |Sales / Turnover |Revenue / Turnover |- |Fixed Asset |Non-current asset |- |Long term liabilities |Non-current liabilities |}" |
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!International Terminology | !International Terminology | ||
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|Profit and loss account | |[[The Statement of Profit or Loss|Profit and loss account]] | ||
|Statement of profit or loss | |[[The Statement of Profit or Loss|Statement of profit or loss]] | ||
|- | |- | ||
|Balance sheet | |[[The Statement of Financial Position|Balance sheet]] | ||
|Statement of financial position | |[[The Statement of Financial Position|Statement of financial position]] | ||
|- | |- | ||
|Debtor / Customer | |[[Trade Receivable|Debtor / Customer]] | ||
|Trade receivable | |[[Trade Receivable|Trade receivable]] | ||
|- | |- | ||
|Creditor / Supplier | |[[Trade Payable|Creditor / Supplier]] | ||
|Trade payable | |[[Trade Payable|Trade payable]] | ||
|- | |- | ||
|Stock | |[[Inventory|Stock]] | ||
|Inventory | |[[Inventory]] | ||
|- | |- | ||
|Capital | |[[Equity|Capital]] | ||
|Equity | |[[Equity]] | ||
|- | |- | ||
|Sales / Turnover | |[[Revenue|Sales / Turnover]] | ||
|Revenue / Turnover | |[[Revenue|Revenue / Turnover]] | ||
|- | |- | ||
|Fixed Asset | |[[Non-Current Asset|Fixed Asset]] | ||
|Non-current asset | |[[Non-Current Asset|Non-current asset]] | ||
|- | |- | ||
|Long term liabilities | |[[Non-Current Liability|Long term liabilities]] | ||
|Non-current liabilities | |[[Non-Current Liability|Non-current liabilities]] | ||
|} | |} | ||