i hope were leaning something interesting today in accounting
a transaction is an activity that affects the finacial condition of a business an asset us something of value that a company or some one owns.
hello class welcome! today we are going to be learning about our vocabulary
a liabity is very important because its money that someone or a company owes to a creditor. a fiscal year is a consecutive 12 month period. lets not forget about net income is revenue grater then expense. any questions?
what about net loss? isnt is just the opposite of net income?