Acceptable Accounting Abbreviations

**Timbuk2**

As a lot of you know, Accounting is an exam in timing as well as knowledge!

What abbreviations are acceptable in the accounts (I know you are allowed abrieviate in your workings)? Not including Published Accounts of course, as they must be layed out in a certain way.

Am I right in saying that the following abbreviations are acceptable in the accounts?
Depr.
R+R (Rent and Rates)
L+B (Land and Buildings)
F+F (Fixtures/Furniture and Fittings)
L+H (Light and heat)
y.e. (year ended)
d/y (During year)
Reval. (Revaluation)

Are there any others that are allowed? Am I allowed to write Div(s). for Dividends, or do I need the whole word in full.

There seems to be no information online about it, but I don't want to lose marks for abbreviating in the accounts where it isn't allowed.

yesno1234

According to my teacher (but don't take this as true because I have practically taught myself for the last two years because I find her methods emm useless)

Anyways, according to her because the grind schools were teaching their students to write absolutely no words and just figures that it is too risky to not put in full words and no abbreviations because the department could just decide to penalise you for not writing full words if there are too many A's.

Cian92

All the above are right also sundry expenses can become s.exp - make sure to put the p in our it could become very dodgy.

There are loads more - ill put them up as I think of them (most my work is abbreviations)

Cian92

opening stock - op stock
closing stock - cl stock
Factory overheads - FO
Variable overheads -VO
Administration expenses - admin exps
provision for bad debts - PBD
Debtors - dbtrs
Creditors - crdtrs
Revaluation Reserve - reval res (may only be acceptable in workings?)
Interest - Int
5% Investments - 5% Inv
Buildings - Bldgs
Clubhouse and Court - C¬C
Insurance - Ins
Balance b/d - Bal b/d
Balance c/d - Bal c/d
Disposal - Disp
Land and Buildings - L¬B
Machinery - Mach
Purchases - Purs
Fertiliser - Fert
Depreciation - dep
Capital Employed - Cap emp
Number of Ordinary Shares - no of ord shares
Operating Profit - op prof
Net Book Value - NBV
Equipment - Equip
Capital Introduction - cap intro
Overheads - ohds
Materials Budget - Mat budget
Production Budget - Prod budget


I am not sure if these are acceptable in the theory part of the paper so play it safe and write out the full words. They are most certainly not acceptable in The Published accounts section.

**Timbuk2**

Thanks for the replies!

What about Saleries and General Expenses - can that be written as Sals. and Gen. Exp., or is that going a bit overboard?

Also, instead of 'Amortised' or 'Written Off', can I just write 'w/o' e.g. Bad Debts w/o, Patents w/o?

kev9100

W/O is definitely acceptable and I'd say Sals. and Gen Exp. are fine as well.