link to Revenue

Revenue

What is Revenue? Revenue is income from selling a product or service. A company earns revenue when it receives an asset for selling to a customer. The asset could be cash, accounts receivable,...

link to Equity

Equity

Equity is owners' investment in a company. Stockholders' equity equals assets minus liabilities and it appears on the balance sheet. What is Equity? Equity appears on a company's balance...

link to Liability

Liability

What is a Liability? In accounting, a liability is debt owed to company or individual. Liabilities are a claim on a company's assets by the creditors. Liabilities require a payment of assets, such...

link to Asset

Asset

In accounting, an asset is a resource owned by a company or entity. Assets provide probable future economic benefits. These benefits include increasing sales or cash flow or reducing expenses....