Asset in financial accounting is the property of a business that has money value, benefit for which can be availed in future or it can be converted into cash. Some
The description of categories is not prominent by default, however, Impreza can show it.
Asset in financial accounting is the property of a business that has money value, benefit for which can be availed in future or it can be converted into cash. Some
What is Liability? Liabilities are obligation or we can say is the claim of outsiders on business. Lets understand this by example: In a business if you require money that
What is Expense? Expense in financial accounting is the money value for which benefit has already been taken. Examples of expense are: salary, rent, repairs, depreciation etc. Lets understand this
Introduction to Accounting. Accounting is a process of identifying, recording, classifying, summarizing and interpreting business transactions of financial nature. Now, to exactly understand the above definition you must understand each