oboloo Glossary
oboloo Glossary
When it comes to understanding business finances, there are two important concepts you need to know about: balance and cost basis. A balance is the amount a company or individual has in an account at any given time. This can include money, securities, and other assets. Cost basis, on the other hand, is the original purchase cost of a security. It’s important to understand both of these terms because they both affect your net worth and overall financial health. Balance is what you have now, while cost basis helps determine your potential future profits or losses. Knowing both can help you make better decisions when it comes to investments and other financial transactions.
Want to find out more about procurement?
Access more blogs, articles and FAQ's relating to procurement
Contact
Feel free to contact us here. Our support team will get back to you as soon as possible
Contact
Feel free to contact us here. Our support team will get back to you as soon as possible
© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971
