The National Directory of
Certified Public Accountants

Ask A CPA - Accounting Terminology

1. Accounts Payable

2. Accounts Receivable

3. Accrual Basis Accounting

4. Balance Sheet

5. Fiscal Year

6. If I get work done on my house, can I use it as a tax deduction?

7. Income Statement ( Statement of Profit and Loss)

8. Net Worth

9. Retained Earnings (Accumulated Deficit)

10. Statement of Cash Flows

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