Credit
In accounting, a credit is an entry that increases liabilities, equity, or revenue accounts and decreases asset or expense accounts. It’s also used in sales to refer to goods or services sold on payment terms. Every credit has a corresponding debit in double-entry bookkeeping.
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Capital
Capital refers to the funds or assets invested in a business by its owners or shareholders. It includes both cash…
Controlling Interest
Controlling interest in the ownership of more than 50% of a company’s voting shares, giving the holder authority to make…
Conservatism Principle
An accounting concept requiring that potential losses be recognised immediately, but gains only when realised. It ensures financial statements are…
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