Category Archives: Bookkeeping

Content Retained Earnings Accounting Is Retained Earnings An Asset? The Top 25 Tax Deductions Your Business Can Take Debt To Equity Ratio This is especially true in growing or capital-intensive industries like the automobile manufacturing industry, the transportation sector, and telecommunications. There are heavy asset investment requirements to operate in these industries. Free AccessFinancial Metrics […]

Content Accounting & Inventory Inventory Management Cash Basis Of Accounting Definition Cash Vs Accrual Accounting Financial Statements If you’re an inventory-heavy business, your accountant will probably recommend you go with the accrual method. Every business has to record all its financial adjusting entries transactions in a ledger—otherwise known as bookkeeping. You’ll need to do this […]

Content Overview: What Is A Contra Asset Account? Contra Account Examples Recording Contra Accounts Overview: What Is A Contra Asset Account? Noncurrent assets are a company’s long-term investments, which are not easily converted to cash or are not expected to become cash within a year. Current Assets are assets that can be converted into cash […]

Content Stockholders’ Equity Calculate The Dividend Payout Ratio Using Just The Income Statement Business Plan Unit 14: Stockholders Equity, Earnings And Dividends An upward adjustment to the earlier reported net income can come as a result of exaggerated expenses or understated revenues and this would lead to an increase in retained earnings. However, if the […]

Content The Basics Of Accrued Liabilities For Small Business Owners When Is Accrual Accounting More Useful Than Cash Accounting? Talus Pay Pos Normal Petty Cash Account Balance Your cash receipts process will help you organize your total cash receipts, avoid accounting errors, and ensure you record transactions correctly. When customers pay with a mixture of […]

Content Accounting Principles I Dont Forget To Record Reversing Entries Accounting With The Reversing Entry: Accounting Principles I On the first day of the next accounting period, they may prepare reversing entries that clear the adjusting entries. The left set of T-Accounts are the accounting entries made with the reversing entry and the right T-Accounts […]

Content Journal Entry For Putting Money Into The Petty Cash Fund Finance Your Business Handling Of Petty Cash Funds Start Your Business If an accountants wants to record all the transactions in the cash book that make the cash book unnecessarily bulky and uneasy. The petty cash book accounts for the cash spent on this […]

Content Limitations Of Retained Earnings The Purpose Of Retained Earnings Top 6 Richest Accountants In The World What Makes Up Retained Earnings? Stock Dividends On The Balance Sheet Limitations Of Retained Earnings Retained earnings, a balance-sheet account, is a form of income that a company has earned over time. But unlike accounts in the income […]

False- The entry to write-off an account receivable includes a debit to the allowance for doubtful accounts and a credit to accounts receivable; this entry does not affect the income statement. The accounts receivable method is considerably more sophisticated and takes advantage of the the allowance for doubtful accounts is reported as a contra-asset on […]

Content The Difference Between A General Ledger And A General Journal What Is Human Capital? More Ways To Stay On Top Of Accounts Payable Definition Of General Ledger Account Where Do I Find Accounts Payable? In financial economics, the term may be expanded to include a company’s capital assets. In general, capital can be a […]