Your First Assignment in Your Business Communication Class Is to Write

question 29

Essay

Your first assignment in your business communication class is to write a report on the external communications of a business. What is external communication? Explain your answer by giving examples of external business communication.

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Definitions:

Trial Balance

A worksheet used in accounting that consolidates all ledger balances into columns for debits and credits, with both columns having equal totals.

Liability Account

An accounting record that captures the amounts owed to others, representing claims against a company’s assets.

Owner's Equity

The portion of a company's assets that belongs to the owners after all liabilities have been subtracted.

Net Income

The total earnings of a company after deducting all expenses from revenues, representing the profit.