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...