Accounting Abbreviations – What do all those letters mean?

We all see them but do you actually know what the following accounting abbreviations mean ?

  • A/C                  Account
  • Acc                   Account
  • A/R                  Accounts receivable
  • A/P                  Accounts payable
  • B/S                  Balance sheet
  • c/d                  Carried down
  • b/d                  Brought down
  • c/f                   Carried forward
  • b/f                   Brought forward
  • Dr                    Debit
  • Cr                    Credit
  • G/L                 General ledger; (or N/L – nominal ledger)
  • P&L                Profit and loss; (or I/S – income statement)
  • P/R                 Payroll
  • PP&E             Property, plant and equipment
  • TB                  Trial Balance
  • GST                Goods and services tax
  • CST                Central sale tax
  • TDS                Tax deducted at source
  • AMT               Alternate minimum tax
  • EBITDA        Earnings before interest, taxes, depreciation and amortisation
  • EBDTA         Earnings before depreciation, taxes and amortisation
  • EBT               Earnings before tax
  • EAT               Earnings after tax
  • PAT               Profit after tax
  • PBT               Profit before tax
  • Depr             Depreciation
  • Dep               Depreciation
  • CPO              Cash paid out