Earned Income
Income received through active work or services, like salaries, wages, commissions, or business profits. It contrasts with passive income (like interest or dividends). For tax and reporting purposes, earned income is often used to determine eligibility for benefits, deductions, and credits.
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Expenditure
The total amount spent by a business to acquire assets, goods, or services. It includes both capital expenditures (long-term investments)…
Exchange Gain/Loss
The profit or loss from converting one currency to another due to exchange rate fluctuations. These arise in international transactions…
Employee Liabilities
Amounts owed by a company to its employees or on their behalf. This includes unpaid wages, accrued vacation, payroll taxes,…
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