Concepts and Termnologies

A financial statement that shows your revenue, expenses, and net income over a period of.

• Balance sheet

• Income statement

• Cash flow

• General Ledger

The money you earn from doing work or selling something

• Revenue

• Other Revenue

• Income

• Cash

the total amount of the depreciation expenditure allocated to a particular asset since the asset was used.

• Depreciation

• Accunlated Depreciation

• Account Payable

• Net Income

It shows how much a company has, how much it owes, and how much is left for the owner of the company.

• Balance sheet

• Cash flow

• Income Statements

• Gross Profit

The cost of the materials used to make what you're selling.

• Direct Cost

• Indirect Cost