Assets Archives - Gurukul Kendra

Assets

Tangible objects or intangible rights owned by an enterprise and carrying probable future benefits. NOTE- Anything assets for you

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The excess of revenues of a period over its related expenses during an accounting year is profit. Profit increases the

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Expense is a type of cost that has been expired and incurred to generate revenues, it is presented in profit and loss statement

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Spending money or incurring a liability for some benefit, service or property received is called expenditure. Purchase of goods, purchase

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Costs incurred by a business in the process of earning revenue are known as expenses. Generally, expenses are measured by

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These are the amounts of the business earned by selling its products or providing services to customers, called sales revenue.

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