Last In, First Out (LIFO)

Liability

Lien

Long-term Liability

Lease

Materiality

Mortgage

Net Assets/
Shareholders’ funds/
Net Worth

Net Fixed Assets

Net Profit/Net loss

Net realizable value

Obsolescence

Operating Profit

Paid-up Share Capital

Preference Share Capital

Preliminary Expenses

Prepaid Expense

Prime Cost

Prior Period Item

Profit/Loss

Profit and Loss Account

Promissory Note

Provision

Provision for Doubtful Debts

Prudence
(sentence 1)

Prudence
(sentence 2)

Redeemable Preference Share

Redemption

Reserve

Revaluation Reserve

Residual value

Revenue/Income

Revenue Reserve

Right Share