book keeping, assets, revenue
define the above
answe fast I mark it has brain list answer
Answers
Define Book keeping
Bookkeeping involves the recording, on a daily basis, of a company’s financial transactions. With proper bookkeeping, companies are able to track all information on its books to make key operating, investing, and financing decisions.
Bookkeepers are individuals who manage all financial data for companies. Without bookkeepers, companies would not be aware of their current financial position, as well as the transactions that occur within the company.
Define Assets
An asset is anything of monetary value owned by a person or business. Assets are classed as capital/fixed, current, tangible or intangible and expressed in terms of their cash value on financial statements (See examples of assets types below.) Tangible assets include money, land, buildings, investments, inventory, cars, trucks, boats, or other valuables. Intangibles such as goodwill are also considered to be assets.
Define Revenue
Revenue is the income generated from normal business operations and includes discounts and deductions for returned merchandise. It is the top line or gross income figure from which costs are subtracted to determine net income.