Basic Tearms:-

1. Assets
   a. Current Assets
   b. Fixed Assets
   c. Liquid Assets

2. Liabilities
   a. Current Liabilities
   b. Fixed Liabilities

3. Expenses
   a. Direct expenses
   b. Indirect expenses

4. Incomes

   a. Direct incomes
   b. Indirect incomes

5. Goods
6. Purchases
7. Sales
8. Stokes
9. Debtors
10. Creditors
11. Drawings