Accounting vocabulary 

Assets: Things of value owned by a business. An asset may be a physical property or it may be a right.
 
Accountant: A person who trained to prepare and maintain financial records.
 
Cash flow: The amount of actual cash generated by business operations, which usually differs from profits shown.
 
Double entry: A system of accounting in which every transaction is recorded twice as a debit and as a credit
 
Factor: A factor is anything that influences something else.
 
File: To file something is to turn it in to the agency that requires it.
 
Firm: A firm is a business that provides professional services like legal counsel, accounting, design, etc.
 
Fixed asset: Non trading business assets of a relatively permanent nature
 
Floppy drive: A floppy drive is a device using a memory chip.
 
Gross margin: The gross margin is the amount of money left when cost of goods sold is subtracted from sales revenue.
 
Hover: To hover means to stay near a particular point.
 
Income: Revenue accruing over a given period of time
 
Inflow: Is cash coming into a company.
 
Inform: To inform someone about something is to tell him or her about it.
 
Internal auditor: An internal auditor is an employee hired by a company to monitor its financial activities.
 
Interpret: To interpret is to determine the appropriate meaning of something.
 
Inventory: The supply or stock of goods and products that a company has for sale.
 
Liability: A liability is a ny amount of money that a company owes.
 
Loan: Money lent at interest for a period of time.
 
Note pad: A note pad is a book of blank paper for writing on.
 
Obsolescence: Obsolescence is a state in which an item is no longer useful because it has been replaced by more advanced alternatives.
 
Owner's equity: Owner's equity is the total monetary value of a company.
 
Plus: Plus means that two quantities are meant to be combined.
 
Plummet: To plummet is to decrease rapidly.
 
Paper clip: A paper clip is a small device that holds sheets of paper together
 
Variable cost: A cost that changes as sales or production change. the variable cost should be zero. However, there will probably be fixed costs.