What does OA stand for in accounting?

OA Accounting Abbreviation. 1. OA. Operating Assets. Business, Finance, Operating.

What does OA stand for business?

OA. Operating Assets. Finance, Operating, Asset.

What does OA mean in payment terms?

Definition. O/A. Operating As (legal entity term) O/A. On or After.

What do the letters OA stand for?

The OA stands for The Original Angel. In the show, Brit Marling plays Prairie Johnson, a blind woman who was held captive for seven years and, having escaped her kidnapper, returns home able to see, believing that she has supernatural abilities, and referring to herself as The OA.

What’s the abbreviation for invoice?


Acronym Definition
INV Invoice
INV Investor
INV Invite
INV Inverter

What is the abbreviation for accounting?

Abbreviations Used in Accounting Materials

Abbreviation Description
ACCT. Accounting
ACT Activity
ADD’L Additional
ADJ Adjustment

What is the abbreviation for accounts payable?


Accounts Payable (AP)
Accounts payable is similar to accounts receivable, but instead of money to be received, it’s money owed. In a company, an AP department is responsible for making payments owed by the company to suppliers and other creditors. On a balance sheet, AP is listed as a current liability.

What is the abbreviation for accountant?

ACCT. Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia, Wikipedia.

What are the terms in accounting?

Introduction to accounting frequently identifies assets, liabilities, and capital as the field’s three fundamental concepts. Assets describe an individual or company’s holdings of financial value. Liabilities are debts and unpaid expenses. Capital describes the money the entity has on hand.

What are the 4 functions of accounts payable?

In a typical Accounts Payable Clerk role, the job description typically includes the following responsibilities: Calculating, posting business transactions, invoice processing, verifying financial data for use in maintaining records.

What is the abbreviation for the accounting terms debit and credit?

Key Takeaways: The terms debit (DR) and credit (CR) have Latin roots: debit comes from the word debitum, meaning “what is due,” and credit comes from creditum, meaning “something entrusted to another or a loan.”23. An increase in liabilities or shareholders’ equity is a credit to the account, notated as “CR.”

How do you know if an account is debit or credit?

Most people will use a list of accounts so they know how to record debits and credits properly.
Debits and credits chart.

Debit Credit
Decreases an equity account Increases an equity account
Decreases revenue Increases revenue
Always recorded on the left Always recorded on the right

What is debit/credit in accounting?

Debits and credits in double-entry bookkeeping are entries made in account ledgers to record changes in value resulting from business transactions. A debit entry in an account represents a transfer of value to that account, and a credit entry represents a transfer from the account.