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Beginner Questions About Bookkeeping – Accounting?

I’m totally beginner when it comes to business and accounting.

- What is the different between Capital Account and Revenue Account?

- An asset is whatever help us make more income in our business. We use expenses to increase our revenue, so is an expense considered an asset?

This entry was posted on Thursday, September 2nd, 2010 at 7:01 am and is filed under Business Ian. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Beginner Questions About Bookkeeping – Accounting?”

  1. Capital accounts are used to record owner investments and withdrawals, stock transactions, and dividends.

    Revenue accounts are used to record income that the company brings in.
    ——————————-
    An asset is whatever help us make more income in our business. TRUE

    We use expenses to increase our revenue. FALSE.
    ( Expenses decrease net income. Net income = revenue – expenses )

    Expenses are not assets.

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