--%>
Assignment Help - homework help

Business term as part of our Accounting

"Business term is the part of our Accounting". Illustrate this statement.

E

Expert

Verified

Business term is the part of our Accounting.  We can state business with the following way:

Business is all actions whose purpose is to earn money. A teacher teaches his own son or daughter is not business since he is not teaching his child for the aim of earning money. However similar teacher executes his private coaching center for offering coaching services. This coaching center is his business since he wants to earn money from that coaching center. He takes risk of his investment and as well interested to acquire high return on his investment.

For doing business, businessman has to give services or goods to customers. After taking risk, doing hard-work and giving goods or services, businessman gets return in the form of gain. However it is his risk. At time, he can too suffer loss in such activities.

   Related Questions in Financial Accounting

  • Q : Foreign exchange transactions Discuss

    Discuss how foreign exchange transactions between the international banks are settled?

    		•
  • Q : What is Purchase What is Purchase .

    What is Purchase. Briefly state the definition of it?

    		•
  • Q : Balance per bank What does Balance per

    What does Balance per bank signify?

    		•
  • Q : Computing cross-rate matrix Compute

    Compute cross-rate matrix for French franc, Japanese yen, German mark, and the British pound. Utilize most recent European term quotes in order to compute the cross-rates in order that the triangular matrix result is same as that of the portion above diagonal in Exhib

    		•
  • Q : Brokering Creativity Explain the term

    Explain the term Brokering Creativity in Creative industry ?  

    		•
  • Q : Case study of harvesting a tree

    Recently, a friend accused her neighbor of harvesting a tree (sapling of balsam fir, Abies balsamea) from her land without permission. Her neighbor claims that he bought it from a Christmas tree plantation (growing in a clearing down the road).  Your friend says

    		•
  • Q : Random walk model for exchange rate

    Explain about random walk model for exchange rate forecasting. Will it be reliable with the technical analysis?

    		•
  • Q : Define the term Accounts Payable

    Accounts Payable: It is an accounting entry which symbolizes an entity's obligation to pay off a short-term debt to its creditors. Accounts payable entry is found on balance sheet beneath the heading current liabilities. Accounts payable are frequentl

    		•
  • Q : Special drawing rights Discuss how the

    Discuss how the special drawing rights (SDR) are formed. And also, explain the circumstances due to which SDR was created.

    		•
  • Q : Effect of shipping costs Assume that

    Assume that pound is being pegged to the gold at 6 pounds per ounce; on the other hand the franc is being pegged to the gold at 12 francs per ounce. Which, of course, states that equilibrium exchange rate must be the two francs per pound? If existing market exchange r

    		•