What is a Business Expense?

A business expense is an incurred cost or money spent in an organization’s efforts to generate income or maintain its business.

What Does it Mean to Exercise an Option?

When you exercise an option, you are using or activating the contract. Options trading has become a popular investment choice amongst investors.

What is an Exchange?

An exchange is a marketplace that brings together those seeking capital and those willing to give it. They also serve a broader variety of roles.

What is Investment Capital?

Investment capital is what allows a business to start up. And while it becomes less critical over time, it’s still important in helping the company grow. 

What is a Double-Declining Balance?

Double-declining balance allows companies to write off the largest depreciation expense for an asset in its earliest years.

What is a Depreciation Schedule?

A depreciation schedule is a breakdown of the depreciation expense calculated and allocated over the span of an asset’s useful life.

What is a Debit in Accounting?

Debit in accounting marks one half of every financial transaction, offset by a credit to a different account on the opposite side.

What is a Credit in Accounting?

Credit in accounting is a journal entry with the ability to decrease an asset or expense but increase capital, liability or revenue.