You can’t always trust the numbers - Deepstash

You can’t always trust the numbers

You can’t always trust the numbers

The art of accounting is taking a limited set of data to get an accurate description of how well a company is doing.

Definitions to understand.

  • Revenue is when a service/product is delivered.
  • The income statement shows sales/revenues, costs/expenses, and profit. You can often tell what’s important to a company by looking at the biggest numbers relative to sales.
  • Operating Expenses: Day-to-day costs needed to keep the business going, e.g., salaries.
  • Capital Expenditure: The cost of purchasing an item is considered a long-term investment, such as computer systems or equipment.

664

1.41K reads

CURATED BY

pai

Music geek. Coffeeaholic. Travel advocate. Social media maven. Certified tv guru.

It's time to

READ

LIKE

A PRO!

Jump-start your

reading habits

, gather your

knowledge

,

remember what you read

and stay ahead of the crowd!

It takes just 5 minutes a day.


TRY THE DEEPSTASH APP

+2M Installs

4.7 App Score