Sum

Aggregate
A comprehensive term that refers to the sum total of individual elements. Commonly used in various fields such as economics, statistics, and business to describe the collective or total amount.
Amount
In financial contexts, the term 'amount' refers to a specific sum represented numerically, often in dollar terms, used in transactions, budgeting, accounting, and various business contexts.

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.