Liabilities: What your organization owes loan providers. Liabilities was equilibrium sheet levels. Instances is actually levels payable, payroll taxation payable and you may loans payable.

Net gain: Also known as funds otherwise web money, it is equal to earnings minus expenditures. Net income ‘s the summation of your money statement (often referred to as the brand new profit and loss declaration).

Post: To conclude all of the diary entries and you will import them to the overall ledger membership after an accounting several months.

Prepaid service Expenses: Numbers you have paid in improve to help you a provider otherwise collector to possess products otherwise functions. A prepaid debts is simply an asset of team because your own merchant otherwise provider owes the products or characteristics. An example may be the unexpired portion of a yearly insurance rates superior. Leia mais