ACCOUNTING TERMINOLOGIES PART :- 4
ALL ABOUT ACCOUNTING :- 30th BLOG ☆☆ACCOUNTING☆☆ Hi freinds., 🙏 Today's discuss 21th to 25th accounting terminologies..... So let's discuss ..... 21. Business (or Legal) Entity : This is the legal structure, or type, of a business. Common company formations include Sole Proprietor, Partnership, Limited Liability Corp (LLC), S-Corp and C-Corp. Each entity has a unique set of requirements, laws, and tax implications. For deeply knowledge please refer :- https://accountingexpertiseincometaxgst.blogspot.com/2020/06/basic-accounting-concepts.html?m=1 22. Cash Flow (CF) : Cash Flow is the term that describes the inflow and outflow of cash in a business. The Net Cash Flow for a period of time is found by taking the Beginning Cash Balance and subtracting the Ending Cash Balance. A positive number indicates that more cash flowed into the business than out, where a negative number indicates the opposite. 23. Certified Public Accounta