Difference between revisions of "Line Item"
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== Definition == | == Definition == | ||
| − | '''Line Item'''. A description of a product or service including its unit cost, number of units and total cost | + | '''Line Item'''. A description of a product or service including its unit cost, number of units and total cost. Generic types of assets, liabilities, income or |
| + | expense that are common to all businesses and used as the basis of financial reporting, e.g. rent, salaries, advertising etc. | ||
| − | + | [[Category:Accounts Main]] | |
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Latest revision as of 11:34, 17 September 2021
Definition
Line Item. A description of a product or service including its unit cost, number of units and total cost. Generic types of assets, liabilities, income or expense that are common to all businesses and used as the basis of financial reporting, e.g. rent, salaries, advertising etc.
