Examlex
In a business, the actual cash that flows into the firm minus the cash that goes out of it is known as cash flow.
Owner Withdraw
The process by which the owner of a business takes out funds from the business for personal use.
Chronological Diary
A personal record of events or experiences, organized in the order that they occurred over time.
Accounting Equation
The fundamental equation of double-entry bookkeeping: Assets = Liabilities + Owner's Equity, balancing the total value of resources with the sources of those resources.
Net Loss
The amount by which total expenses exceed total revenues in a specific period, indicating a negative financial performance.
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