Assets and liabilities

To make a profit in business comes from several different areas. It can get a bit complicated because everything in our personal lives, enterprise runs on credit as well. Many companies sell their products to their customers on credit. Accountants use one account assets called accounts receivable again to record the total amount to the company by its customers who have not paid the balance in full. Much of the time a company did not collect debts in full at the end of the year, especially for sales on credit that may be transacted at the end of the accounting period.

The accountant saves the turnover and the cost of goods sold for these sales in the year when sales were conducted and goods delivered to the client. It is based, accounting registers revenues from sales are carried out and saves expenses when they are incurred.When sales are made on the credit, on behalf of active customer accounts increased .Lorsqu ' cash is received by the client, the cash account increases and the receivables is reduced.

The cost of goods sold is one of main expenses of sellers of any products or services.Even a service includes the frais.Cela means exactly what it said that the costs which a company pays for the products it sells to its customers.A company makes its profits by selling its products at prices enough to cover the costs of production, cost of execution of the company, interest on the money they have borrowed and taxes on income, with the money remaining in the benefit of their.

When the company acquired products, the cost of going them in what is called an inventory account assets .the cost is deducted from the cash account or added to the account accounts payable responsibility, depending on the question of if the company has paid money cash or credit.