AccountingReceipt definition in terms of Accounting Receipt is an acknowledgement for cash received. It is issued to the party paying cash. Receipts form the source for entries in cash book. Receipts…
AccountingInvoice definition in terms of Accounting An invoice occasionally called a sales invoice, is a bill sent by a supplier of a product or service to the buyer. It is a business…
AccountingVoucher definition in terms of Accounting Voucher is a written document in sustain of a transaction. It is a document that shows goods have bought or services have been rendered, authorizes…
AccountingRevenue Definition in terms of 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…
AccountingExpense Definition in terms of Accounting 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.…
AccountingStock Definition in terms of Accounting 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…
AccountingSales Return or Returns Inward Definition in Accounting 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…
AccountingSales Definition in terms of Accounting 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…
AccountingPurchases Return or Returns Outward Definition in Accounting 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…
AccountingPurchases Definition in terms of Accountimg 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…