Notes
Accounting & Finance Notes
Content of the notes (1)
Page 1
EXPENSES
- The Costs
- Always decrease the Owner's Equity & Assets
- Can be paid for with Cash
- Or Charged (increases Liabilities)
REVENUES
- Income
- Increase in Owner's Equity & Assets
NET INCOME VS NET LOSS
- Net Income: the company is bringing in more money than it is spending
-Net Loss: the company is bringing in less money than it is spending
-Break Even: Revenues= Expenses
New Page
Information
- Description
- Note on Accounting & Finance Notes, created by psychokittyqueen on 26/08/2013.
- Created by
- psychokittyqueen
- Views
- 34
- Rating