Accounts that collects all expenses necessary for the activity.

For a period the economic profit is the amount earned by a business after deducting the operating expenses and a charge for the opportunity cost

A method of bookkeeping in which a transaction is entered both as a debit to one account and a credit to another account, so that

An accounting technique which records each transaction as both a credit and a debit. Credit entries represent the sources of financing, and the debit entries

An accounting entry which results in either an increase in assets or expense account, or a decrease in liabilities or net worth. opposite of credit.

Debit Record (DR) is an entry in a double-entry bookkeeping system recording an increase in an asset or an expense, or a decrease in liability,

In the double-entry bookkeeping system, debit means left side of a ledger account. (source: http://en.wikipedia.org/wiki/Debits_and_credits)

An asset listed on the balance sheet with less than a 12-month life, or that is readily convertible into cash to be used to satisfy

In the double-entry bookkeeping system, credit is the right side of a ledger account. (source: http://en.wikipedia.org/wiki/Debits_and_credits)