Creator Plus✍️✍️

LIABILITY: These liability are those liability which have to pay by the proprietor for long time or sort time. Liability are two type: Current Liability These liability are those liability which have to pay by the proprietor for soft term to own business out sides investors, shares holders, soft term loan or creditors, etc. Fixed Liability These liability are those liability which have to pay by the proprietor for long term to own business, partners, debenture or  long term loan. EXPENSE: These expenses are those expenses which have to spend by the proprietor for business activities. These are two type: Direct expenses: These expenses are those expenses which have to spend by the proprietor directly. For examples: Carriage - in & out word Fright Transport Tax Fuel Wages Posts and stamp Rent, etc. Indirect expenses These expenses are those expenses which have to spend by the proprietor indirectly for business purpose. For examples: full-width Advertisement Books & Stati...

INCOME These income are those income which have to receive for selling goods and services. Type of income: Direct Income These income are those income which have to receive to supplier for direct selling to cash. For example Sales for cash Assets for cash Service for cash, etc. Indirect Income These income are those income which have to receive indirectly. For example Discount receive Interest receive Commission Bonus Gift, etc. full-width Creditor: A person who takes the cash and gives the goods. Debtor: A person who gives the cash and receive the goods.

Purchase: These purchase are those purchase in which customers have to purchase any assets or items from the supplier or creditor. Type of purchase: Cash for purchase These purchase are those purchase in which the customer have to purchase any item for cash from supplier. On credit purchase These purchase are those purchase in which the customer have to purchase any item on credit from supplier. full-width Sales: These transaction are those transaction in which the supplier have to sale any items or assets to customers. Sales are two type: Cash These sales transaction are those transaction in which the supplier have to the sales any items or assets to customer for cash. On Credit These sales are those sales in which the supplier have to sale any items or assets on credit to customer.

Purchase Return: These transaction are those transaction in which customer have to return any purchase items or assets to supplier. Sales Return: These transaction are those transaction in which the customer have to sales return to supplier. full-width Depreciation: These amount are those amount which have to reduce according to the value of fixed assets. Appreciation: These amount are those amount which value have to increase of the fixed assets according to time period. Like: loan and building.  

Loan: These liability are those liability in which the proprietor have to pay the loan to bank for long term or short term. Type of loan: Long term loan These loan are those loan which have to pay by the proprietor for long term business use to bank. These are two type: Secured loan: These loan are those loan in which the bank have to take security or guaranty from the customer. Unsecured loan: These loan are those loan in which the bank don't have to take any security or guaranty from the customer.  Short term loan These loan are those loan in which proprietor have to pay the loan to band for short term.

Bad Debts: These amounts are those amount which have to never receipt from the creditor companies. Bad Debts Recover: These amounts are those amount which have to receipt few percent of the total amount from the creditor companies. Bankrupt: A person or a company who has to lost an image or value from the market. full-width Petty Cash: It is used to maintain all expenses & all miscellaneous expenses.