Expenses are payments all businesses will have to make for a number of benefits and services they receive but which do not directly provide an asset owned by the business.
Discount is an expense which many firms incur in order to encourage prompt payment from their debtors.
Bad debt is the expense incurred when debtors fail to pay their debts.
Depreciation is the expense incurred when one of the fixed assets owned by a business falls in value.
Incomes are such receipts of money which come from sources other than sales of stock.
Discount received is a reduction in the amount that has to be paid rather than an actual physical receipt of money.

The dress code, manners, rules applied in the office. Introduction to the office employees.
This course is based on the BBC Starting Business course. Every video topic is supplimented with exercises.

Accounting is at least the second oldest profession in the world. But while earlier professionals rapidly got to grips with basic techniques and even introduced refinements, it is remarkable that generations of tax collectors and merchants staggered on for thousands of years before finding a satisfactory general method of keeping a record of their affairs.