A Simplified
Dictionary of Accounting Terms

Zoho Books' Accounting Dictionary provides you explanations in plain English for all accounting terms to help you understand them in depth.

A

B

C

D

E

F

G

I

J

L

M

N

Net Profit / Loss

O

P

Q

Quote

R

S

T

U

V

W

Term of the day

Asset

Accounting

Assets are anything tangible or intangible that adds value when owned by a business. They are of economic benefit too, as they increase the value of a business. Assets can either be expressed in cash or can be converted to cash.

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