basic accounting terms

It’s good to know some basic accounting terms, and here are ten terms with friendly definitions for your review. Asset Essentially, assets are what you own.   These include your bank accounts, business equipment, and even the amounts that customers owe you. Revenue Revenue is what you make.  Another word for it is Sales.  You generate revenue in your business when you make a sale to a customer.  The amount of the sale is included in revenue. Expense An expense is what you spend in your Read more [...]