Classification of ledger accounts When entering the business transaction into five types of accounts becomes the classification of accounts is as follows. And some accounts of these are balance sheet accounts and income statement accounts. Assets Liability Revenue Expenses account Equity account. Withdrawal’s account Accounting categories and their role Asset Account […]
What is the difference between net income and profit margin? Any business might have different types of income and expenses—the total taken into to prepare the financial statements to calculate the profit or loss of the company. Revenue. Revenue is the income that a business can get through the sales of […]