write a short note on assets
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Hey there!
=>> Debtors are persons who owes amount to the business on account of credit sales of goods and services.
=>> Creditors are persons to whom business owes amount on account of credit purchases of goods and service.
=>> Stock are materials that can be utilised as resources but lack of adequate technology hampers their development.
=>> Revenue is the amount which is earned by selling products or by providing services to customers.
=>> Purchase is the art of acquiring something by paying for it.
=>> Assets are something valuable that a person or business owns. the books possessed by you , your house , cash , etc. all are assets.
=>> A voucher is an internal document describing and authorizing the payment of a liability to a supplier.
=>> Invoice is a document which is used in case of credit sale. It contains complete details about products being supplied and the rate and total of the amount payable by the buyer.
=>> Account refers to a record or statement of financial expenditure and receipts relating to a particular period or purpose.
Hope it helped!☺️
=>> Debtors are persons who owes amount to the business on account of credit sales of goods and services.
=>> Creditors are persons to whom business owes amount on account of credit purchases of goods and service.
=>> Stock are materials that can be utilised as resources but lack of adequate technology hampers their development.
=>> Revenue is the amount which is earned by selling products or by providing services to customers.
=>> Purchase is the art of acquiring something by paying for it.
=>> Assets are something valuable that a person or business owns. the books possessed by you , your house , cash , etc. all are assets.
=>> A voucher is an internal document describing and authorizing the payment of a liability to a supplier.
=>> Invoice is a document which is used in case of credit sale. It contains complete details about products being supplied and the rate and total of the amount payable by the buyer.
=>> Account refers to a record or statement of financial expenditure and receipts relating to a particular period or purpose.
Hope it helped!☺️
vinay1421:
hey
nice answer
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