Archive for the ‘Bookkeeping’ Category

Gross Profit

November 28th, 2012

The difference between the selling price of goods or services sold to customers during a period and the cost (to the company) of the goods or services sold.


November 26th, 2012

A chronological records of a company’s transactions.


November 13th, 2012

The amount of resources consumed in the process of acquiring and selling goods and services.  It is not limited to those resources used to actually produce the goods and service, it can be supportive resources.  For example, paper clips have nothing to do with producing a widget, but they are still an expense of the