Deferred Revenue Expenditures:

Revenue expenditures, the benefits are not confined to one accounting year. They extend to future accounting year or years are known as deferred revenue expenditures.

Doubtful Debts:

If the recovery of debts is uncertain or doubtful is known as doubtful debts.

Depreciation:

The decrease in the monetary value of an asset with the passage of time because of its use in business is known as depreciation.

Direct Revenue:

The revenues that are generated in the routine activities are called Direct Revenue e.g sale of goods.

Direct Expenses:

The expenses which are directly related with the purchase of goods are called direct expenses e.g freight, wages, power etc.

Deferred Liabilities:

The debts which are repayable in less than one year but more than one month is called deferred liabilities.

Double Column Cash Book:

A cash book containing two columns of amount are provided on each side of cash book one is for cash and other is for bank.

Dishonor of Cheque:

The amount of deposit in Bank account may be less than the amount of cheque drawn, or there may be difference in figure or words, or difference in signature of account holder, the bank may refuse to pay the amount of cheque to the holder of cheque. This is called dishonor of cheque.

Dishonor of Bill:

If the acceptor of bill of exchange refuses to pay the amount of bill of exchange on its maturity to the holder is called dishonor of bill.

Days of Grace:

The three additional days that's are provided to drawee by the drawer for payment of Bill of Exchange.

Debtors Ledger:

This is a register that contain the accounts of all customers to whom goods have been sold on credit.

Drawee:

The person to whom Bill of Exchange is drawn is called Drawee.

Drawer:

The person who draws bill of exchange is called drawer.

Debit Balance:

The debit side of an account is heavier than credit side, the difference is called debit balance.

Double Entry System:

A system in which both the changes in a transaction are recorded, one change in debit side and one change is in credit side with equal amount.

Dual Aspect Concept:

Dual Aspect Concept is that for every debit, there is an equivalent credit.