Finance terminology: Difference between revisions
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= Quantifiers = | |||
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| net || | |||
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| gross || | |||
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| interest payable || | | interest payable || | ||
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| salaries payable || | | salaries payable || | ||
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| property tax payable || | | property tax payable || | ||
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| sales tax payable || | | sales tax payable || | ||
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| income tax payable || | | income tax payable || | ||
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</blockquote><!-- Accounting --> | </blockquote><!-- Accounting --> | ||
Revision as of 23:53, 6 November 2021
TBD
asset equipment, furniture, buidings, cash, etc. (sub-classified as property, plant, equipment) equity amount of money returned to owners if all assets were sold, after paying all debts liability
Quantifiers
net gross
Assets
Resources a company owns or controls (ex. equipment, machinery, furniture, cash etc.)
subclassified as property/plant/equipment.
goodwill assets acquisition for more than cost of identifiable-assets intangible assets copyrights, trademarks, etc. returns dividends, interest paid on an investment
Accounting
income/revenue profit from sales, service, interest on loan accounts receivable money owed (ex. rent, loan payments, deferred tax) accounts payable interest payable salaries payable property tax payable sales tax payable income tax payable
Business Types
sole proprietorship personal liability, taxed personally partnership shared liability, taxed personally corporation separate legal entity (liability/taxes), ownership by shareholders (public or private)
