MORAL COACHING INSTITUTE IN DELHI

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MORAL COACHING INSTITUTE
BASIC ACCOUNTING TERMS
CAPITAL An amount of finance provided, generally
by the owners or shareholders, to enable a
business to acquire assets and sustain its
operations.
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CAPITAL EXPENDITURE
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Spending on non-current (fixed) assets of a
business.
CASH FLOW PROJECTIONS Statements of cash expected
to flow into and out of a business over a
particular period.
3
COST OF GOODS SOLD Materials, labour and other
costs directly related to the goods sold or
services provided.
4
CREDIT The supplier agrees to allow the customer
to make payment some time after the delivery of
the goods or services. Typical trader credit
periods range from 30 to 60 days, but each
agreement is different.
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CURRENT ASSET An asset that is expected to be
converted into cash within the trading cycle.
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CURRENT LIABILITY A liability which is expected
to be settled in the entitys normal operating
cycle, generally within 12 months after the
balance sheet date.
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9810833899 G-27/48 sector-3 rohini Delhi-110085
(Near st. giri public school) www.moralcoachingins
titute.com