Accounting

Revenue means the total receivable or realized from sale of goods and earnings from interest, dividend, commission, etc. Revenue is the total of money that…

In accounting, an expense can be distinct as a cost; an outflow of money or other asset of worth; incurred throughout an exacting accounting time.…

Stock contains goods unsold on a exacting date. Stock may be opening and closing stock. The term opening stock means goods unsold in the opening…

Sales Return or Returns Inward When goods are returned from the consumers due to faulty quality or not as per the conditions of sale, it…

Sales are an exchange of money for goods, services or other assets. In accounting, sales refer to the revenues earned when a business sells its…

Purchases Return or Returns Outward When merchandise is returned to the suppliers due to faulty quality or not as per the terms of purchase, it…

Purchases Purchases refer to the quantity of merchandise bought by a business for resale or for utilize in the production. Purchase means to acquire ownership…

Creditors A person who gives a advantage without receiving cash or money’s worth instantly but to assert in future is a creditor. A creditor is…

Debtors A debtor is an individual or entity that owes money. An individual (person or firm) who receives a profit without giving cash or money’s…

Liabilities refer to the financial obligations of a business. These are established over time during the transfer of financial profit including money, goods or services.…