Accounting Terms You Should Be Familiar With – Part 3
Following on from Part 1 and Part 2 here are more terms that you should be familiar with to enable you to understand your accounts and run your business efficiently. 30 Liquidity Liquidity is the ease with which your business can convert your assets into cash. Cash itself is the most liquid of all assets.. […]
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Accounting Terms You Should Be Familiar With – Part 2
Following on from Part 1 (click here to view) here are more accounting terms that you should be familiar with to enable you to understand your accounts and run your business efficiently. 15 – Debit Like Credit, the effect of a Debit on the balance sheet is determined by the financial transaction. Debit can increase […]
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Accounting Terms You Should Be Familiar With – Part 1
Accounting, like any profession, has its own language. The wise business owner will make sure that they are aware of the basic terms so that there is no misunderstanding when discussing how their business is performing. Here are some of the most common terms briefly explained.If you are unsure of what your Accountant or Bookkeeper […]
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