Cash Flow Statement. Cash Flow Statement. A financial report that summarizes how cash was generated and used by the company over a specific time period.
Cash Flow. Cash Flow. Equals the Beginning Cash Balance less the Ending Cash Balance. This describes the net amount of money that a business consumed […]
Cash. Cash. Company money, most of which is typically in a bank checking or savings account that was opened by the company.
Chart of Accounts. Chart of Accounts. A list of account names arranged systematically and usually coded numerically or alphabetically or both to form the general framework […]
Corporation Corporation. A legal entity based upon State (not Federal) law that is separate and distinct from its owners. Under the law, corporations possess […]
Cost of Goods Sold Cost of Goods Sold. Expenses incurred to produce or acquire, and store, the products sold by a business during this period.
Cost of Goods Sold (COGS) Cost of Goods Sold (COGS): The direct costs related to producing goods sold by a company.
Credit Credit. An accounting entry that either increases a liability or equity account, or decreases an asset or expense account. It is positioned on […]
