Читать книгу Accounting For Dummies - John A. Tracy - Страница 24

Another way to look at transactions is to look at the counterparties of the transactions; this term refers to the persons or entities that the business enters into an economic exchange with. A business interacts with a variety of counterparties. A business is the hub of transactions involving the following persons and entities:

 Its customers, who buy the products and services that the business sells; also, a business may have other sources of income, such as investments in financial assets (bonds, for example)

 Its employees, who provide services to the business and are paid wages and salaries and are provided with benefits, such as retirement plans, medical insurance, workers’ compensation, and unemployment insurance

 Independent contractors, who are hired on a contract basis to perform certain services for the business; these services can be anything from hauling away trash and repairing plumbing problems to advising the business on technical issues and auditing by a CPA firm

 Its vendors and suppliers, who sell a wide range of things to the business, such as products for resale, electricity and gas, insurance coverage, telephone and internet services, and so on

 Government entities, which are the federal, state, and local agencies that collect income taxes, sales taxes, payroll taxes, and property taxes from or through the business

 Sellers of the various long-term operating assets used by the business, including building contractors, machinery and equipment manufacturers, and auto and truck dealers

 Its debt sources of capital, who loan money to the business, charge interest on the amount loaned, and are due to be repaid at definite dates in the future

 Its equity sources of capital, the individuals and financial institutions that invest money in the business as owners and who expect the business to earn profit on the capital they invest