Gearing
The ratio of long-term loans and preference shares shown as a percentage of total shareholders' funds, long-term loans, and preference shares.
General Ledger
A ledger for all accounts other than those for customers and suppliers. Also known as Nominal Ledger.
Going Concern Concept
The assumption that a business is to continue trading for the foreseeable future.
Goodwill
An intangible asset of a business reflecting its commercial reputation, customer connections, etc.
Gross
The total amount before any deductions.
Gross Loss
Where the cost of goods sold exceeds the sales revenue.
Gross Margin
A measure of the profitability of a business. It is calculated by dividing gross profit by sales and is usually expressed as a percentage.
Gross Profit
The difference between total revenue from sales and the total cost of purchases or materials, with an adjustment for stock.