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In the context of key planning elements, which of the following is true of what venture capital firms consider important for an entrepreneurial venture?
DR (Debit)
DR, or Debit, represents the left side of a general ledger account and is used to record increases in assets or expenses and decreases in liabilities, equity, and income.
CR (Credit)
An accounting entry that decreases assets or increases liabilities and equity on a company's balance sheet, reflective of the double-entry bookkeeping system.
Tax Expense
The total amount of taxes a company incurs, reflecting both current taxes due and future tax liabilities.
Pre-Tax Book Income
The income of a business before taxes have been deducted, as reported in its financial statements.
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