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International Terminology Used in Accounting

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Revision as of 03:43, 5 August 2025 by WikiSysop (talk | contribs) (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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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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