Finance training in Chandigarh Financial Terms Every Business Needs to Know

Assets These are economic resources in which there is a trade, in which the products available in the inventory, office furniture and supplies purchased, and any trademark or copyright is owned by them. These properties count towards the value of a business because if they experience difficult times they can be sold.

Business expenditure is the cost that the company has to cost per month, including rental, utility, legal costs, employee salaries, contractor salaries, and marketing and advertising costs. In order to stay financially financially, businesses are often encouraged to spend as much as possible.

Bottom Line At the end of the month, this business has earned or lost the total. The bottom line is the final financial figure on an account holder. This term can also be used in the context of either increase or decrease in terms of business income.

A financial report is a comprehensive account of a business transaction and expense, which has been created to provide business monitoring for financial matters. A financial report can be prepared for potential investors such as internal use or external sources.

Similar to a financial report, a financial statement lists all the business's financial activities. However, a financial statement is usually a more formal document, which is often issued by the lending institution.

A cash flow statement shows the time that enters a business during a specific period and exits. It usually consists of four main categories: operational activities, investment activities, funding activities and supplemental information.

Income Statement

Accounts Receivable

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