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Simplify the algebraic expression.
Administration Expenses
Expenses related to the general operation of a business, including executive salaries, HR, and IT, not directly tied to the production or selling of goods/services.
Operating Expense
Expenses that a business incurs through its normal business operations, often excluding the cost of goods sold, financing costs, and taxes.
Income Statement
A document presenting a business's income and outgoings within a set timeframe, leading to a declaration of either profit or loss.
Ending Capital
Beginning Capital + Additional Investments + Net Income – Withdrawals = Ending Capital. Or: Beginning Capital + Additional Investments – Net Loss – Withdrawals = Ending Capital.
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