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UO / Accounting / ACTG 211 / What is a revenue expense?

What is a revenue expense?

What is a revenue expense?

Description

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If you want to learn more check out What is Rumination?

        ↙ ↘If you want to learn more check out The ad hominem fallacy is also called?

Capital            Retained Earnings

Stock                丨Don't forget about the age old question of andrew jackson's early national reputation stemmed mainly from his

                 Revenue (Income)

  • Expenses

Net IncomeIf you want to learn more check out What are the stages of pattern perception?

RE goes ↑ Net Income and ↓ Dividends

        

        

We also discuss several other topics like What are the psychological causes of sexual dysfunctions?

                        ᄂNet IncomeIf you want to learn more check out ir349

  1. Service - Walt Disney
  2. Merchandise - Walmart
  3. Manufacture - Dell

Business Activities                Business

                        ↙                ↓                ↘

Financing Activities                Operating Activities                Investing Activities

↓                                ↓                                ↓        

Banks and Owners                Customers and Suppliers        Purchasing

        

Operating                        Investing                        Financing

If you're gonna Startup a business, Every Dollar Counts!

The Objective of Accounting is keeping track of All Business Operations

Financial Statements

  • Income Statement
  • Retained Earnings Statement
  • Balance Sheet
  • Statement of Cash flow

Generally Accepted Accounting Principles

GAAP

Chapter 2 

Common-sized...

Financial Statement; prepared as a percent of base

  • Income Statement: Percent of sales         - Balance Sheet: Percent of total assets
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