Accounting

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le novembre 12, 2015

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Agency Relationship

An agent is one who represents another, known as the significant, in dealings with third people. Such expression is known as company. In an agency relationship, the significant affiliates to the agent the right to act on his or her aspect, and to perform out some stage of interest while so achieving. Areas: Agency Relationships are common in many professional areas. Employment. Import-Export business Consignment businesses Real property dealings (real property broker agent, mortgage brokerage). In property broker agent, the customers or suppliers are the concepts themselves and the broker or his dealer who symbolizes each major is his broker. Pharmaceutical businesses Other production and service businesses Financial advice (insurance agency, stock broker agent, accountancy) Contract discussion and marketing (business management) such as for posting, fashion model, music, films, cinema, show company, and game.

Accounting Vocabulary

hello every body i wanna share with you a lot accounting expalnation and i hope you will find it important i have more just i need your suport by ansewring and give me your opinion . Account: is a record within an accounting system which is used to collect and store similar information for a specific asset, liability, equity, revenue, or expense. asset :actif. liability :passif. equity : capitaux propre. revenue: revenu. expense: dépense. account :compte. Account balance:is the difference between the debit and the credit side of a T account. T account: comptes shématique. account balance:la balance. Accounting is a service-based profession that provides reliable and relevant financial information useful in making decisions. accounting:comptabilté. Accounting equation is a rule under which Assets = Liabilities + Equity. This rule holds true at all times because of the double-entry accounting system. Also called basic accounting equation or balance sheet equation. ...

Balance Sheet

The balance sheet is organized into three parts: (1) assets, (2) liabilities, and (3) stockholders' equity at a specified date (typically, this date is the last day of an accounting period). The first section of the balance sheet reports the company's assets and includes such things as cash, accounts receivable, inventory, prepaid insurance, buildings, and equipment. The next section reports the company's liabilities ; these are obligations that are due at the date of the balance sheet and often include the word "payable" in their title (Notes Payable, Accounts Payable, Wages Payable, and Interest Payable). The final section is stockholders' equity , defined as the difference between the amount of assets and the amount of liabilities. (You can learn more about the balance sheet at Explanation of Balance Sheet . )

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