Ten Related Terms in ABM Strand

1.Accountancy- The profession or duties of an accountant. -https://www.google.com.ph/?gfe_rd=cr&ei=9YO0WPyKGMaB0ATi_a-oBQ#q=accountancy+meaning&*

2.Money-Someone generally accepted as a medium of exchange, a measure of value, or a means of payment. -https://www.merriam-webster.com/dictionary/money

3.Employment Rate - The percentage of the labor force that is employed. -http://www.advfn.com/money-words_term_6849_Employment_Rate.html

4.Accounting Equation - The accounting equation displays that all assets are either financed by borrowing money or paying with the money of the company's shareholders. -http://www.investopedia.com/terms/a/accounting-equation.asp

5.Debit - In double-entry bookkeeping, entry on the left-hand side of an account record. It has the effect of decreasing a capital, liability, or revenue account, or of increasing an asset or expense account. -http://www.businessdictionary.com/definition/debit.html

6.Credit - An entry on the right-hand side of an account record in double entry bookkeeping. It has the effect of decreasing an asset or expense account, or of increasing a capital, liability, or revenue account. -http://www.businessdictionary.com/definition/credit.html

7.Income Statement - is a financial statement that reports a company's financial performance over a specific accounting period. - http://www.investopedia.com/terms/i/incomestatement.asp

8.Budget - An estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals. -http://www.businessdictionary.com/definition/budget.html

9.Financial Statement - the financial activities and position of a business, person, or other entity. -https://en.wikipedia.org/wiki/Financial_statement

10.Accounting - the action or process of keeping financial accounts. - https://www.google.com.ph/?gfe_rd=cr&ei=9YO0WPyKGMaB0ATi_a-oBQ#q=accounting+meaning&*