| No. | English | Farsi | Pashto | Subject |
|---|---|---|---|---|
| 586 | accounting cycle: the process required to prepare financial statements. Consists of a number of steps starting with recording transactions, summarizing and balancing the entries, and then transferring the amounts to create the financial statements. | - | - | Accounting |
| 587 | account: a record of the increases and decreases for each item on the balance sheet. | - | - | Accounting |
| 588 | verifiability: a qualitative characteristic of accounting information; it means that independent persons will produce the same results using the same methods. | - | - | Accounting |
| 589 | unearned revenue: a liability that occurs when a customer pays in advance for a service or product. | - | - | Accounting |
| 590 | understandability concept: a qualitative characteristic of accounting information; information should be clear and concise so that it is useful to reasonably informed users. | - | - | Accounting |
| 591 | timeliness concept: the idea that accounting information should be made available to users while it can still inform decisions. | - | - | Accounting |
| 592 | statement of owner's equity: a financial statement that shows the changes in owner's equity over a specific period of time. | - | - | Accounting |
| 593 | revenues: The result of business activities performed to earn a profit (e.g. selling inventory, performing services). Revenue increases assets or decreases liabilities, and increases owner's equity. | - | - | Accounting |
| 594 | reporting entity concept: accounting for the activities of a business should be separate from the accounting activities of its owner and all other related businesses. | - | - | Accounting |
| 595 | relevance: a qualitative characteristic of accounting information that it will have an impact on decisions. | - | - | Accounting |
| 596 | profit: the amount remaining when revenues exceed expenses; increases owner's equity. | - | - | Accounting |
| 597 | prepaid expense: an asset that arises from paying for products and/or services in advance of being used (e.g. rent, insurance, supplies). | - | - | Accounting |
| 598 | periodicity concept: dividing economic activity into specific periods of time (e.g. month, year) to facilitate preparation of the financial statements. | - | - | Accounting |
| 599 | owner's equity: the ownership claim on a company that is equal to the net assets in the company; from the accounting equation--Assets - Liabilities = Owner's Equity. | - | - | Accounting |
| 600 | note payable: a liability that has a note specifying the amount to be paid at a specific future date. Usually specifies an associated interest rate. | - | - | Accounting |