ACCOUNTING EXPERTISE

ALL ABOUT ACCOUNTING :- 32nd BLOG           ☆☆ACCOUNTING☆☆    Hi freinds.,  🙏 Today's discuss 31st to 35th accounting terminologies.....                                     So let's discuss .....   31.  Interest : Interest is the amount paid on a loan or line of credit that exceeds the repayment of the principal balance.   32. Journal Entry (JE) : Journal Entries are how updates and changes are made to a company’s books. Every Journal Entry must consist of a unique identifier (to record the entry), a date, a debit/credit, an amount, and an account code (that determines which account is altered).  33. Liquidity : A term referencing how quickly something can be converted into cash. For example, stocks are more liquid than a house since you can sell stocks (turning it into cash) more quickly than real estate.   34. Material : Material is the term that refers whether information influences decisions. For example, if a company has revenue in the millions of dollars, an amount of $0