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
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