What does it mean to capitalize an expense
Learn what it means to capitalize an expense, how it differs from regular expenses, and why businesses record it as a long-term asset.
what is a trial balance in accounting
Understand what a trial balance is in accounting, how it helps verify the accuracy of ledger entries, and its role in preparing financial statements.
What does P&L stand for
Learn what P&L stands for, how profit and loss statements work, and why they’re essential for tracking a business’s financial performance.