Business(Enterprise) Terminologies

Increased Revenue - This is Requested by Employers


Increased Labour Costs - This is Requested by Employees


Debit - this is amount expected from customers


Credit - this is amount to be provided by customers


Revenue is money gotten by a business(enterprise) as a result of their product sale


Expenses is money spent by a business(enterprise)


Income Statement is a financial transaction report


Cost of Sales is money spent by a business(enterprise) to produce or buy product needed to generate revenue


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