Employee Liabilities
Amounts owed by a company to its employees or on their behalf. This includes unpaid wages, accrued vacation, payroll taxes, and pension contributions. These are recorded as current liabilities and must be settled in the near term to remain compliant.
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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…
Earnings Statement
Earning statement is also known as the income statement or profit and loss statement. It summarizes a company’s revenues, expenses,…
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