15 Important Terms Every Commerce Student Should Know
As a commerce student, it is essential to have a strong understanding of key terms and concepts related to the field of commerce. In this blog, we have compiled a list of 15 important terms that every commerce student should know. By familiarizing yourself with these terms, you can enhance your knowledge and excel in your commerce studies. For comprehensive commerce classes in Vadodara , you can rely on Tejasvi Classes , a leading educational institution dedicated to providing quality education to commerce students. 1) Accounting: The activity of recording, summarizing, and analyzing financial transactions within a business is known as accounting. 2) Assets: Economic resources owned by a business, including cash, inventory, and property. 3) Balance Sheet: A financial statement that provides a snapshot of a company's assets, liabilities, and equity at a specific point in time. 4) Capital: The financial resources available to a business, including investments and retained ear