You Are the Owner of a Small Business with Ten

question 20

Essay

You are the owner of a small business with ten employees. How would you build a thriving workforce?

---

Definitions:

Expenses

Costs incurred in the operation of a business to generate revenue.

Debit

An accounting entry that results in either an increase in assets or a decrease in liabilities on a company’s balance sheet.

Journalizing

The process of recording business transactions in the accounting journals as part of the bookkeeping process.

Transaction

An agreement or exchange between two parties that is recorded and has an economic impact on the finances of a business.