ro

Capital refers to financial resources or assets which a business has. It can help to increase development and generate income. Capital also represents the...

A General Ledger is a record of all the financial transactions of a company. It holds all the information one needs to prepare financial statements includi...

A Trial Balance is a bookkeeping worksheet in which one compiles the balances of all ledgers into debit and credit account columns and ensures they are equa...

An Expense is the economic costs a business incurs through its operations to earn more revenue. For example; if the owner of a business travels to another ...

Assets are resources or things of value that an individual or a company owns. An Asset is also known as an economic resource. An example of Assets on a com...

A Payroll is the sum total of all compensation a business must pay to its employees for a set period of time or on a given date. It also refers to the list...

Revenue is the amount a company receives during a specific period including discounts and deductions for merchandise. It is also the gross income figure fr...

Gross Margin represents the per cent of total sales revenue a company retains after incurring the costs associated with production. Gross Margin is a compa...

A Liability is defined as a company’s legal financial debts or obligations that arise during the course of business operations. Liabilities are settled over...

Equity is the difference between the value of the assets and the value of the liabilities of something owned. Equity can be represented as Assets - Liabilit...