#accounting
A loan designed for people or businesses with bad credit
Buying something of value and the selling it for a higher price
Operating expenses are the costs associated with a company's main operating activities and which are reported on its income statement
The statement of cash flows is one of the main financial statements. It is to accompany the income statement, balance sheet, and statement of stockholders' equity
A liability account is a general ledger account in which a company records its debt, obligations, customer deposits and customer prepayments, certain deferred income taxes,
Assets are sometimes defined as resources or things of value that are owned by a company
Gross profit is net sales minus the cost of goods sold
An accounting period is a period of time such as the 12 months of January 1 through December 31, or the month of June, or the three months of July 1 through September 30. It is the period for which financial statements are prepared
A fiscal year usually refers to an accounting year that does not end on December 31. (The accounting year of January 1 thrugh December 31 is usually referred to as a calendar year
Net income is also known as net earnings.