accounting abbreviation

Here’s a list of common accounting abbreviations and acronyms, grouped by category to make them easier to understand:

📊 General Accounting Terms
Abbreviation Meaning
A/R Accounts Receivable
A/P Accounts Payable
COGS Cost of Goods Sold
P&L Profit and Loss (Statement)
B/S Balance Sheet
GL General Ledger
TB Trial Balance
JE Journal Entry
FA Fixed Assets
AR Aging Report (also Accounts Receivable)
💰 Financial & Tax Terms
Abbreviation Meaning
GAAP Generally Accepted Accounting Principles
IFRS International Financial Reporting Standards
CPA Certified Public Accountant
CMA Certified Management Accountant
VAT Value Added Tax
GST Goods and Services Tax
ROI Return on Investment
EBIT Earnings Before Interest and Taxes
EBITDA Earnings Before Interest, Taxes, Depreciation, and Amortization
FIFO First In, First Out
LIFO Last In, First Out
NPV Net Present Value
IRR Internal Rate of Return
🧾 Payroll & HR-Related
Abbreviation Meaning
PAYE Pay As You Earn (tax system)
TDS Tax Deducted at Source (India)
PF Provident Fund
ESI Employee State Insurance
HR Human Resources
🏦 Banking & Finance
Abbreviation Meaning
APY Annual Percentage Yield
APR Annual Percentage Rate
NAV Net Asset Value
EPS Earnings Per Share