Appendix A

Glossary

accrual method Accounting method often used by businesses with inventory; with this method, you report income and deduct expenses when the work’s done (you’ve done all the things you have to do to get paid and all the expenses have been incurred).
 
advertising Informing the public about your product or service.
 
angels Private investors willing to lend money or equity capital in much the same way as venture capitalists, but on a much smaller scale.
 
balance sheets A listing of assets, liabilities, and an owner’s investment in a business as of a fixed date, such as the end of a quarter or year.
 
basis The amount you paid for property (called cost basis) or other amount treated as your investment in property. Adjusted basis ...

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