General accounting

General accounting

Use this category for general accounting terms.

Industry: Accounting

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General accounting

audit

Accounting; General accounting

An audit is the independent examination of, and expression of opinion on, financial statements of an entity.

year-to-date net income

Accounting; General accounting

A company's net income from the start of the current accounting year until a specified date.

yield

Accounting; General accounting

Market interest rate, current return, effective interest rate.

The total annual return on a bond investment if held to maturity. For example, if a bond is purchased at less than its maturity value, the yield to maturity includes the annual interest plus the gain ...

wages

Accounting; General accounting

The compensation earned by employees who are paid on an hourly basis. It is common for production workers to earn wages, since they are usually paid via an hourly rate.

wages expense

Accounting; General accounting

The compensation earned by hourly-paid employees during the interval of time indicated in the heading of the income statement. Under the accrual basis of accounting, the date that wages are paid does ...