Understanding Key Financial and Accounting Terms

Posted by on Nov 7, 2024 in Economy | 0 comments

Depreciation

In economics and accounting, depreciation refers to the allocation of a tangible asset’s cost over its useful life. It represents the reduction in an asset’s value due to wear and tear, obsolescence, or other factors.

Grant

A grant is a non-repayable fund provided by a government entity or other organization to an individual, business, or another entity for a specific purpose. Grants do not require repayment and are often awarded based on merit or need.

Donation

A donation is a gift of money

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Jurisdiction & Procedures for Street Market Licensing in Spain

Posted by on May 3, 2024 in Law & Jurisprudence | 0 comments

Jurisdiction and Procedure for Granting Street Market Licenses

Licensing Jurisdiction

Licensing jurisdiction for street markets lies with the local ayuntamiento (city council). Approvals from other administrative bodies do not exempt the holder from obtaining the necessary licenses from the ayuntamiento.

The specific authority responsible for granting licenses may vary depending on local regulations and can be delegated to the mayor, the plenary council, or the local government board (JGL). In municipalities

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gvy

Posted by on Jan 3, 2021 in Language | 0 comments

Capital Expenditure: Money spent to acquire fixed assets in  usiness (machines, land, building).
Revenue Expenditure: Money used in the day-to-day running of a business. Daily payments or expenses (rent, wages, raw materials, insurance).
Internal sources of finance: Money obtained from within the business
Personal funds/savings: A source of finance for sole traders that comes mostly from their own personal savings. 
Retained profits: Profit that remains after a business has paid a corporation tax
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