Adjusted Gross Income (AGI) Adjusted Gross Income (AGI), a crucial concept in taxation, represents an individual’s or business’s total income minus specific deductions. It serves as the starting point for…
Cash Flow Statements Cash flow statements are an important financial document that provides a summary of the cash inflows…
General Ledger A general ledger is a comprehensive record of all financial transactions of a business, organization, or other…
Capital Expenditure (CapEx) Capital expenditure, abbreviated as CapEx, refers to the funds invested by a company to acquire, upgrade,…
Profit and Loss Statement (P&L) A profit and loss statement, also known as an income statement, is a financial…
Balance Sheet A balance sheet is a financial statement that provides a snapshot of a company’s financial position at…