Question

With what kind of vocabulary should a person be familiar for reading the balance sheet of a restaurant easily?

Answer 1

Financial vocabulary is the language that an individual should understand while creating balance sheet. In order to prepare the document, the person should be well versed with the accounting rules and processes.

For instance, it is important for the users to learn everything about making ledgers, profit and loss account along with the balance sheet.

A good accountant is an asset to a restaurant as he or she is able to eliminate waste and turn the business into a profitable venture.

Answer 2

Answer:

finance related words such as depreciation, capital expenditure, ect.