account glossary

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Title: account glossary

Essay Details:

Subject: Miscellaneous

Author: Steven K

Date: June 8, 2016

Level: University

Grade: A

Length: 7 / 1901

Essay text:

Most companies filing will include a Profit & Loss account, a Balance Sheet, a Director's Report and Auditor's Statement. Adding Value Providing something extra, over and above your competitors, which makes your proposition more attractive then theirs e.g. personal service. Asset Anything of worth that is owned by the business. The assets of a business are money in the bank, accounts receivable, securities held in the name of the business, equipment, fixtures, property or buildings, merchandise for sale or being made, supplies and all things of value that the business owns. Audit A process carried out by an accountant (auditor) on all limited companies each year to check that the financial records are correct...

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