Accounting Terms and their definitions! just to make me go through it!

Trade debtor is the person whom we sold goods on credit to. He or she owes money to the company or individual(the creditor). He or she is also called the customer to the company.
Trade creditor is the person whom we bought goods on credit from. He or she is the person to whom a debt is owed. He or she also called the supplier of the company.
Fixed assets are the assets or property that a firm owns used in the production of its income for long-term basis and not expected to be converted to cash in the current or upcoming fiscal year, such as furniture and manufacturing real estate.
Current assets are assets which expected to be converted into cash within one year and the value of assets is to be renewed or changed annually, such as cash, account receivable and inventory.
Purchases account is a ledger account in which all inventory purchases are recorded.
Sales account is a ledger account in which all inventory sales are recorded.
Trial Balance is a listing of accounts in a company's general ledger and their balance as at specific date. It is also a statement of the debit and credit balances of all open accounts in a double-entry bookkeeping ledger to test their equality.
Balance Sheet is a statement of financial position of a business which states the assets, liabilities and owner's equity at particular date. In other word, the balance sheet illustrates your business' net worth.
Capital expenditure is the payment made by a business to purchase or improve assets such as buildings or machinery.
Advice note is notification of goods sent or a formal document from a supplier to a customer containing details of goods that have been sent.
Owner's capital is items usually cash or other assets introduced into the business by the owner to run the business.
Credit note is a type of document used when goods returned by the customer.
Invoice is an itemized list of goods shipped or service rendered, stating quantities, prices, fees, shipping charge , etc.
Drawings is assets withdrawn from the business by the owner for private use.
Direct debit is an advice to bank to pay for the firm's owner a certain expenses and debit to his or her bank current account.
Bank overdraft is an agreement with bank to allow one person to withdrawn money from the bank more than the money that he or she has deposited.
Liquidity is the ability of an assets to be converted into cash quickly and without any price discount.
Fixtures and fittings are fixed assets which usually placed in the building or house.
Revenue expenditure is the expense when purchasing stock(but not on capital items) which is sold during the current accounting period. This expenses occurred in the profit and loss or trading items only.
Depreciation is an expense recorded to allocate a tangible asset costs over its useful life because depreciation is non-cash expense, it increases free cash flow while decreasing reported earnings.
Liabilities are expenses unpaid or amount owing to the suppliers for goods or assets purchased.
Bank current account is a bank account where the depositor can draw or pay the money by issuing cheques.
Petty cash book is a book of vouchers which is prepared when the payments made from the petty cash.
Cheque is a written order to the bank to pay the amount stated in the cheque to the named person.
Trade discount is discount given when bought goods or sold goods on credit only.
Books of prime entry or books of original entry are books where transactions are first recorded which including purchases day book, sales day book, returns inwards journal and returns outwards journal.
Overhead expenses are the indirect costs which are charged when running the manufacturing operation.
Statement of account is the statement which shows the details of the business transactions during particular time.
Source documents are the documents used in the business transactions such as invoice, credit notes, voucher or receipt, etc.
Finally, i finish typing. i want to work hard for it tmr.
Good Luck!!