The term ‘capital’ has different meanings in different contexts—depending on usage. For example, in economics, any form of liquid asset which can be easily converted into cash is known as capital. But in business and finance, the same term refers to a sum that is invested in an organization to produce goods and services and […]
Read MoreOperating expenses are the ongoing costs a business incurs in day-to-day operations to generate revenue. Importantly, COGS or expenses outlaid in the direct production of goods, are not included in operating expenses. Anything you spend money on to operate your business and generate revenue counts as a business expense. Common business expenses include rent, staff […]
Read MoreThe future of finance might be digital, but T accounts will always hold a special place. They’re a timeless tool that can simplify even the most complex financial situations. So, keep this guide handy, and refer back whenever you need a financial refresh. Using T Accounts for Transactions: A Step-by-Step Guide If you’re diving into […]
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