It is one of the most important elements of accounting vocabulary. 15 Expenses Expenses are all outflows of funds from the company. They can be constituent expenses, ductible expenses, finance charges or reimbursable expenses. Any of these types of expenses are the basis for accounting account analysis. Accounting Analysis Source: 16 Taxable matters This is the tax liability of any company. Generally speaking, this term in the accounting glossary refers to all conditions that compel the payment of taxes to the tax system. 17. Revenue is an accounting concept that refers to all payments a company receives for the sale of products or services render.
Types of financing that
Liquidity Liquidity is the ability of an organization to obtain cash and meet its Central African Republic Email List expenses or obligations in the short term. It must be taken into account that one of the characteristics of accounting information is that any report must include such analysis. 19 Profit Margin It is perhaps the most fascinating term in the accounting vocabulary because it refers to the profitability of a business. 20 Liabilities in passive accounting terms represent debts own by the company. This accounting concept is very useful, most importantly, for the construction of financial balance sheets. 21. Current Liabilities With this accounting concept.
Attracts the most attention
The short-term liabilities of an organization are known. Whether they are BT Leads financing debts or debts to purchase goods or services. The special thing about current liabilities is that. It takes less than one year into account. 22 Net Worth According to the portal we us as a reference for constructing this accounting glossary. Net worth is all the elements that make up the financing of a company. 23 Chart of Accounts An accounting plan is a document that sets out all. The rules and procures that a company must follow to conduct its accounting. In some places it is also known as the master accounting plan. The concept of chart of accounts is very important to any company as it is us to regulate economic and accounting operations.