Units of Measurement

Acre
An acre is a unit of land measurement used primarily in the United States and Imperial customary systems, primarily to describe large plots of land.
Hertz
The term 'Hertz' has dual meanings in different contexts. The scientific term 'Hertz' refers to the unit of frequency, while 'Hertz' (capitalized) is also known as the largest U.S. automobile rental agency.
Lakh
In the Indian subcontinent, the term 'Lakh' (10^5 or 100,000) is commonly used in finance and other contexts to indicate sums of money or quantities. Often used alongside 'Crore' (10^7 or 10,000,000).

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.