Terms starting with
Non-current Liabilities
Non-current liabilities are long-term financial obligations not due within the current fiscal year. These include bonds payable, long-term loans, deferred tax liabilities, and pension obligations.…
READ MORENet Realizable Value
NRV is the estimated selling price of an asset, less any costs required to complete or sell it. It’s commonly used for valuing inventory and…
READ MORENominal Account
Nominal accounts are temporary accounts used to record income, expenses, gains, and losses during a period. They are closed at the end of each accounting…
READ MORENon-cash Expense
Non-cash expenses are costs that don’t involve actual cash outflows during the period. Common examples include depreciation, amortization, and stock-based compensation. These are recorded to…
READ MORENon-operating Income
Non-operating income includes revenue earned from activities unrelated to a company’s core operations, such as interest income, investment gains, or asset sales. It's reported separately…
READ MORENet Book Value
Net book value is the value of an asset after deducting accumulated depreciation from its original cost. It reflects the current accounting value on the…
READ MORENotes Receivable
Notes receivable refers to written promises from customers or borrowers to pay a fixed amount at a future date. These are considered assets and often…
READ MORENotes Payable
Notes payable is a liability account representing written promises to pay a specific amount on a future date. These can include loans or promissory notes…
READ MORENet Profit Margin
Net profit margin is a financial ratio that shows the percentage of net income earned from total revenue. It’s calculated as (Net Income ÷ Revenue)…
READ MORENet Income
Net income is the profit remaining after all expenses, taxes, and interest have been deducted from total revenue. It’s the bottom line of the income…
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