IMPORTANT ACCOUNTING TERMS:

 

 Assets: Items of financial value that the business controls (owns) for the purpose of producing income for the owners.

Liabilities: Monies that the business owns to non-owners.

Owner's Equity: The theoretical value of the business that would be distributed to the owner after the assets sold and the liabilities paid.

Revenue: Payments made to the business by customers for the goods and/or services provided by the business.

Expenses: Costs incurred by the business in providing the goods and/or services purchased 

Comments

Post a Comment

Popular posts from this blog

HAPPINESS IS WHEN YOU HAVE A LIST OF PUBICATION😊😊😊😊

  Ø   BOOK ON COMPUTERISED ACCOUNTING : In relation to Financial Accounting, Cost Accounting and Management Accounting. ISBN No. 978-93-80144-13-9. Ø   BOOK ON FINANCIAL APPRAISAL : The lubricants ISBN NO.978-93-94017-10-8 Ø   Research Paper on Gandhi –A Social Reformer. (Book- Mahatma Gandhi as a pioneer of Social Reconstruction( A UGC Project) ISBN No. 978-81922568-6-3. Ø   Research paper on Teachings to the Universe in a journal with ISSN No. 2249-2100 Ø   Research Paper on Investment issues in Emerging markets in Journal with ISSN NO. 22492100 Ø   Research Paper on Financial Appraisal of Lubricant Oil Industry- A case study of one public and one private sector oil companies in India in     Peer Reviewed International Journal with ISSN No. 0972-902 X( June Edition) Ø   Research Paper on Financial Appraisal of Lubricant Oil Industry- A case study of one public and one private sector oil companies in India in ...
Read more

SO GLAD TO SEE YOU HERE.........

 This is  Dr. Gurneet Kaur Suri working as an Assistant professor in the Department of Business Administration at one of the best college of Jaipur. I even hold degree in PhD, UGC- Net(Commerce), M.Com , M.A- Economics, & 2 years Post Graduate Diploma in Business Administration- Finance. It's my passion for teaching, my motivation for leadership in academics & interest in outreach that has led my way towards teaching. It's something that brightens my soul with utmost pleasure. I as a person truly believes that learning is a never ending process.. My believe in this saying has been a constant reason for my participation in various National as well as International conferences, Faculty development programs . My areas of interest includes writing research papers as well books .I will be coming up with a lot of blogs related to my subject.😊 STAY TUNED!
Read more