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Revenue,,,expenses,,,and,,net,,income,,were,,all,,easily,,defined,,and,,then,,turned,,into,,an,,equation,,that,,I,,could,,understand.,,Connect,,with,,Grant,,Tilus,,Google+:,,Twitter:,,Please,,enable,,JavaScript,,to,,view,,the,,<a,,href=",,powered,,by,,Disqus.</a>,,Blogs,,Navigation,,School,,of,,Business,,Blog,,Follow,,Us,,Blogs,,Facebook,,Google+,,LinkedIn,,Pinterest,,Twitter,,Youtube,,Featured,,Articles,,Accounting,,vs.,,I,,,was,,,never,,,one,,,for,,,finance.,,,As,a,result,,I,was,constantly,devising,strategies,and,plans,to,enhance,productivity,and,commitment.,I,did,not,even,know,where,to,look,to,come,up,with,terms,to,research.,Examples,,of,,expenses,,include,,payments,,to,,banks,,,suppliers,,,employees,,or,,equipment.,,All,,,the,,,assets,,,possessed,,,by,,,the,,,firm,,,are,,,written,,,on,,,one,,,side,,,and,,,equities,,,on,,,the,,,other,,,side.,,,TheROI,,is,,calculated,,by,,dividing,,the,,net,,profit,,by,,the,,cost,,of,,the,,investment.,,There,are,so,many,terms,with,such,complex,definitions.,Knowing,,the,,language,,is,,critical,,for,,success,,in,,any,,corporate,,function,,because,,the,,information,,is,,communicated,,using,,these,,terms,”,,says,,Kari,,Grittner,,,MBA,,,CPA,,and,,Rasmussen,,College,,accounting,,instructor.,,

HomeFinancial,Accounting,Basic,Concepts,Journal,Ledger,Cash,Book,Bank,Reconciliation,Statement,Depreciation,Final,Accounts,Cost,Accounting,Accounting,Information,System,Accounting,MCQs,Banking,&,FinanceIntroduction,To,BusinessAuditingManagement,Principle,of,Management,Human,Resource,Management,Strategic,Management,Organizational,Behavior,Financial,Management,Management,Information,System,MarketingEconomicsMiscellaneous,short,Questions,.,Bank:,,,The,,,bank,,,is,,,financial,,,institution,,,where,,,person/businesses,,,deposit,,,their,,,incomes,,,and,,,from,,,which,,,they,,,pay,,,their,,,bills.,,,Chapter,7,-,Matching,Principle,The,matching,principle,aims,to,minimize,any,mismatch,in,timing,between,when,an,organization,incurs,costs,and,when,it,realizes,any,associated,revenue.,S,Sales:,The,amount,earned,from,sales,of,goods,is,called,sales.,Turnover:,Turnover,isbasic,accounting,terms,which,means,the,process,of,goods,in,which,it,will,complete,from,raw,material,to,finished,goods.,Certified,,,Public,,,Accountant,,,–,,,CPA,,,Definition:,,,A,,,designation,,,givento,,,someone,,,who,,,has,,,passed,,,a,,,standardized,,,CPA,,,exam,,,and,,,met,,,government-mandated,,,work,,,experience,,,and,,,educational,,,requirements,,,to,,,become,,,a,,,CPA.,,,You,,may,,also,,be,,asked,,to,,contribute,,financial,,data,,about,,your,,own,,business,,unit.,,The,,,book,,,begins,,,with,,,income,,,statements.,,,

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