Assets and Their Place in Business | Accounting Knowledge
Assets for a fundamental part in the estimation of a business, savvy account administrators convert their cash to resources, particularly relentless ones. Resources are...
Prepaid Expense Journal Entry | Accounting Knowledge
An adjustment journal is a journal created in the process of recording changes in balances in an account so that the balance reflects the...
Depreciation Expense Journal Entry | Accounting Knowledge
All assets required by a company are known as purchases (assets). What are these assets? It can consist of objects or rights that can...
What is Accrued Income | Accounting Knowledge
Income Accrued or Accrued Income is income earned for the accounting year concerned but has not been received at the close of the fiscal...
What Is a Financial Record and How Can I Use It for Investing
Current liabilities are debts that must be paid immediately within one year.
Current liabilities in the balance sheet usually consist of:
Short-term loans from...
Definition of Intangible Assets and Benefits, Characteristics and Types
Intangible assets, or in other ways, are intangible assets. Must Every company have intangible assets, right? These intangible assets are essential if the company...
About Revenue & Profit
What is revenue and example?
In business, revenue is the amount of money received by a company from its activities, mostly from the sale of...
What is the process of accounting?
What is the process of accounting?
The primary purpose of accounting is to provide useful information for decision making. To be able to produce the...
What is Depreciation?
Understanding Depreciation is an allocation made systematically to shrink or reduce the amount of an asset over its useful life. These fixed assets are...
Definition Of Trade Discount
What is a Trade Discount?
Large traders or wholesalers are traders who sell goods to other traders. Licensed wholesalers issued catalog. Instead of updating the...
Internet Banking | Accounting Knowledge
Definition
Internet banking is a service to conduct banking transactions through the internet network. It is a banking activity that utilizes internet technology as a...
