Payment of cash or same amount for goods or services, or a charge against available funds in clearance of a duty as proved by a statement, reception, coupon, or other such document is called expenditure.

Important Bookkeeping Terms

Important Bookkeeping Terms: Before attempting to learn the art or science of bookkeeping it will be better to clarify some of the terms that will have to be used again and again. Transaction: Any dealing between two persons or things in a transaction. It