Deficit Account
An equity account that tracks accumulated losses when a business’s expenses surpass its revenues over time. It reflects negative retained earnings and reduces the overall net worth of the company. Often seen in early-stage or loss-making businesses.
More Items
Debentures
Debenture is a type of long-term debt instrument issued by companies to raise capital, typically backed by the issuer’s creditworthiness…
Draft
Draft is a written order from one party (drawer) to another (drawee) to pay a specific sum to a third…
Discount on Sales or Purchases
A reduction in the price of goods or services, either as a sales incentive (sales discount) or a reward for…
This website uses cookies to improve your experience. You can accept all or reject non-essential cookies.