Accounting English vocabulary

Translate "hecho contable" into English

• Accounting event

• Accounting fact

• Accounting doing

• Accounting done

When revenues are bigger than expenses we have​

• profits
• losses
• incomes
• costs

We say that a company has a inflow of resources when receives

• expenses

• incomes

• debts

• loans

It represents an account and has a t shape

An expense means a

• income

• inflow of resources

• outflow of resources

• revenue

To liquidate an account is to

• Settle an account

• Open an account

• Record an account

• Write an account

In the ledger a movement on the left side is a

• income

• debit

• credit

• equity

When it comes to the ledger a entry in the right side is a

• expense

• asset

• debit

• credit

In this book the entries are recorded chronologically

• trial balance

• journal

• ledger

• balance sheet

A company without it has a quite dark future

• revenues
• expenses
• expenditures
• losses