Receivable
Receivables are amounts owed to a business by customers or clients for goods delivered or services provided on credit. They’re considered current assets and appear on the balance sheet. Proper receivables management is crucial for maintaining cash flow, reducing bad debts, and evaluating credit risk.
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Retained Earnings
Retained earnings represent the cumulative net profit a company keeps after distributing dividends to shareholfers. Reported under equity on the…
Running costs
Running costs are recurring operational expenses necessary for keeping the business functioning day-to-day. This includes fuel, maintenance, salaries, insurance, and…
Revenue expenditure
Revenue expenditure refers to costs incurred in the day-to-day running of a business, like rent, utilities, and maintenance. These are…
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