Fixtures—A fixed asset represented by that part of the furniture not readily removable, such as gas and electric light fixtures.
Folio—A column provided in account books, in which to enter the page numbers of other books from or to which records are transferred.
Footing—The sum or amount of a column of figures.
Foreign Exchange—Drafts on foreign cities.
Freight—The charges paid for the transportation of goods.
Gain—The increase in value of assets or profit resulting from a transaction or transactions.
Gauging—Measuring the liquid contents of casks or barrels.
Going Business—A term used to designate a business in actual operation. Goodwill or the reputation of a business has a value so long as the business is in operation, or keeps going. When a business is discontinued, only the physical assets or actual properties owned by the business are of value.
Good Will—The monetary value of the reputation of a business over and above its visible assets; the value of a business name.
Gross—The entire amount in contradistinction to the net amount—as gross weight or gross profit.