by Online Tutorial & Training Guide | Jan 18, 2026 | Chart of Accounts, Equity, Terminologies
In sole proprietorships, this represents the owner’s initial and ongoing contributions. It reflects investment and retained profits. Balances with drawings or withdrawals.
by Online Tutorial & Training Guide | Jan 18, 2026 | Chart of Accounts, Expenses, Terminologies
Compensation paid to employees for their services. Usually the largest operating expense for many businesses. Includes base pay but excludes benefits.
by Online Tutorial & Training Guide | Jan 17, 2026 | Chart of Accounts, Income, Terminologies
Earnings from owning shares in other companies. Typically recognized when declared. Considered non-operating income for most businesses.
by Online Tutorial & Training Guide | Jan 16, 2026 | Cost & Managerial Accounting, Terminologies
Expenses that remain constant regardless of production volume, such as rent or salaries. They do not vary with activity levels. Important for break-even analysis.
by Online Tutorial & Training Guide | Jan 16, 2026 | Chart of Accounts, Equity, Terminologies
Equity that has preferential rights to dividends or liquidation proceeds compared to common stock. Usually non-voting but offers stable returns. Hybrid between debt and equity.
