T accounts: principles There are three principles that you should internalize about T-accounts. The logic of this principle is based on three pillars: T account: applies to at least two accounts There is at least one debit and one credit posting The posting record is always debit to credit Principle 1: Always affects at least…
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Meaning of T Account Part 1
A T account is a simplified version of an account with two columns. Which allows him to double-entry bookkeeping represent simplified. T account: A common method Transactions generally have an impact on the items on the balance sheet . In every company, so-called business cases are dealt with every day. In order not to lose…
Meaning of Balance Sheet
A balance sheet has to be drawn up in the accounting department of companies on a certain key date . It is a bilateral calculation that shows assets on one side and capital on the other. On the left side of the balance sheet are the assets as information about the use of funds and…
Meaning of Accounting Part 4
Does the type of taxation affect the accounting obligation? Anyone who has to pay taxes must also keep accounts. However, the company has the choice between target taxation and actual taxation . Respectively, every company is fundamentally obliged to pay target taxation, but can make actual taxation on request. The difference between the two tax…
Meaning of Accounting Part 3
Merchants who are obliged to keep accounts According to § 238 I HGB, all merchants are obliged to keep accounts. Therefore the merchant status is the decisive point for the obligation to keep accounts. According to Section 1 of the German Commercial Code (HGB), anyone who operates a trade is a merchant, or more precisely…
Meaning of Accounting Part 2
Accounting according to tax law In tax law, the accounting obligation is used solely to determine the tax burden. Accounting often has to be more complex in tax law than in commercial law. The accounting also helps to determine income and property taxes. For companies that are already obliged to keep accounts under the Commercial…
Meaning of Site Electricity
If you are planning to build your own home or want to renovate a property, you need electricity for electrically operated construction equipment, tools and lighting. Construction site electricity is the ideal solution here. So that the electricity flows on time for the start of construction, it is advisable to submit a corresponding application in…
Meaning of Accounting Part 1
Merchants are obliged to keep accounts. The accounting obligation is laid down and regulated in the Commercial Code (HGB). The obligation to keep books depends on the legal form. It also depends on whether a self-employed person or a company is considered a businessman. This criterion ultimately decides on the accounting obligation. Definition of accounting…
Meaning of Pre-construction Request
With a preliminary building request, builders can check whether they are allowed to implement a building project according to their ideas. This is particularly useful if there is no development plan for the property. With the help of a preliminary building request, you can clarify whether you can receive a later building permit for a…
Meaning of Mortgage Lending Value
In general, the mortgage lending value represents the value at which a credit institution can consider something as security for a loan. Most of the time, consumers deal with this term in a home loan. The mortgage lending value and its determination are regulated in Section 16 of the Pfandbrief Act. Among other things, the…
Meaning of Commitment Interest
If credit institutions provide a loan that the borrower does not use or does not use immediately, commitment interest is charged. This type of loan is common in mortgage lending. If borrowers do not call up the entire loan amount immediately, banks can charge interest on the remaining amount that has not yet been paid…
Meaning of Physical Security
With real security, banks, savings banks and building societies protect themselves from losses when they grant a customer a loan. After all, there is always a certain risk that the borrower will not pay the claim as agreed. Usually, collateral is a requirement for a loan. Real security is a form of loan security. Real…
Meaning of Seat
An armchair is a kind of chair. This type of furniture has a design that allows the user to support their arms and with a backrest that has a certain inclination. Unlike other furniture with armrests, the armchair is not too wide. According to abbreviationfinder.org, the most common use of the term is linked to…
Meaning of Butane
It is known as butane to a hydrocarbon which can be used as fuel. This gas has a chained series of 4 carbon atoms that combine with hydrogen. The main properties of butane are reflected in the term itself. The compositional element but– refers to the bonding of the aforementioned 4 carbon atoms, while the…
Meaning of Diver
It called diver to the individual who, thanks to having a special equipment, can perform various tasks under the water. Divers use a particular clothing that allows them to move comfortably in the water and resist low temperatures. They also have equipment to be able to breathe underwater. Today divers wear scuba diving equipment –…
Meaning of Byte
A byte is a unit of information made up of a string of adjacent bits. The dictionary of the DigoPaulindicates that byte is synonymous with octet (an eight-bit information unit); however, the size of the byte (which comes from the English bite, “bite”) depends on the character code in which it has been defined. It…
Meaning of Cabal
Important to understand the meaning of the word cabal is to proceed to determine its etymological origin. In doing so we discover that it emanates from Latin and more precisely from the word “caput”, which can be translated as “head”. Cabal is something adjusted to a weight or a measure. The term allows to refer…
Meaning of Kabbalah
From the Hebrew qabbālāh, the kabbalah is a current of mystical and allegorical interpretation of the Old Testament. The concept refers to the set of doctrines that, through esotericism and the fulfillment of certain precepts, intends to reveal the message of God and the world. The most remote origins of the Kabbalah date back to…
Meaning of Cavalry
Cavalry is a concept with several uses, usually linked to the horse. The most frequent meaning is linked to the strength of an army made up of combatants mounted on this animal. It is possible to establish a division between heavy cavalry and light cavalry. The heavy cavalry had the function of establishing direct combat…
Meaning of Gentleman
Caballero, of the Latin caballarĭus, is a person who goes on horseback or riding. Since, in ancient times, the person who rode a horse belonged to a certain social class, the concept acquired various connotations and meanings. In the Middle Ages, cavalry was an armed institution that served a king or feudal power. Knights, therefore,…
Meaning of Easel
The notion of easel is a diminutive of horse. The first meaning that appears in the dictionary of the DigoPaul refers to the highest line, horizontally arranged, which is part of a roof. It is also called trestle to the borriqueta: the frame composed of an elongated element that is located horizontally on four legs…
Meaning of Horse
A horse is a mammalian animal that is part of the equidae family. It is a perissodactyl: an ungulate being (uses the end of the fingers to support and walk) whose extremities have an odd number of toes ending in hoof and whose central finger has a greater development compared to the rest. Horses are…
Meaning of Bourgeoisie
Human beings live in society. This concept, which comes from the Latin societas, is used to name the group formed by those people who share a territory, a culture, etc. Within a society, it is possible to notice various symbolic divisions, which separate individuals into layers or classes. The notion of bourgeoisie is used to…
Meaning of Mockery
A tease is a comment or gesture that is intended to ridicule a person, an object, or a situation. According to the context and the geographic region, mockery can be considered as a synonym of joke, joke, joke or loaded. For example: “The teacher, when she noticed that Raúl was making fun of her, punished…
Meaning of Burlesque
If we go to the dictionary of the DigoPaul, we will not find the word burlesque. The concept, however, is used in our language to refer to a work or show that is responsible for ridiculing a certain topic. Emerged as a literary subgenre, today the burlesque is associated with variety theater. These are parodic…
Meaning of Burnout
Burnout is a term that is not part of the dictionary of the DigoPaul, but is frequently used in our language to refer to a syndrome linked to stress. The burnout syndrome or burn syndrome, therefore, appears when a person is periodically subjected to stressful situations. Usually the idea is used with respect to the…
Meaning of Bureaucracy
The term bureaucracy comes from the French bureaucratie, whose root is bureau (“office”). The concept allows to name the organization that is regulated by rules that seek a rational order in the management and distribution of its affairs. In addition to the above, it is interesting to establish that there is a Theory of Bureaucracy….
Meaning of Stock Market
Stock market is an adjective that comes from bursa, a Latin term that means “bag”. The stock market, therefore, is that linked to the stock market, understanding this concept as the financial institution that allows buying and / or selling shares. In this sense, it is possible to speak of equity shares, securities, trading, stockbrokers,…
Meaning of Bus
Bus is the colloquial or informal name of bus. This term is used to name a means of transport that can carry numerous passengers simultaneously and that performs a fixed route. In some countries, the bus or bus is known as ómnibus, micro, colectivo or guagua. For example: “Do you know where the bus that…
Meaning of Seeker
Seeker is that or what you are looking for. The verb search, on the other hand, indicates the action of doing something to find someone or something or doing what is necessary to obtain something. For example: “The writer defined himself as a seeker of certainties in the midst of a sea of uncertainties”, “The…