What Does the Term "Virtual" Mean

question 204

Essay

What does the term "virtual" mean?

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Definitions:

Debt Ratio

A financial ratio that measures the extent of a company's leverage, calculated as total liabilities divided by total assets.

Bookkeeping

Bookkeeping is the process of recording daily transactions in a consistent way, and is a key part of maintaining accurate financial records for a business.

Recordkeeping

The process of maintaining records or documents that track financial transactions, operations, or other significant events.

Transactions

Financial events that involve an exchange of value between two parties, affecting the accounting equation.