13 Nov Bookkeeping Credit Memo vs Debit Memo: Whats the Difference? January 12, 2024 By Ken 0 comments Facebook Twitter Pinterest linkedin Telegram It’s important to note that credit memos are not equivalent to a refund. A refund undoes the initial purchase, while a credit memo is a...Continue reading
03 Apr Bookkeeping Reversing Entries January 15, 2024 By Ken 0 comments Facebook Twitter Pinterest linkedin Telegram Accrued revenues are revenues that have been earned but not yet received. The reversing entry for accrued revenues is made at the begin...Continue reading
08 Dec Bookkeeping What Is A Sales Journal? Example, Journal Entries, And Explained January 24, 2024 By Ken 0 comments Facebook Twitter Pinterest linkedin Telegram An asset purchased on the account is not recorded in the purchase journal. Because on the basis of sales record, we take the decision...Continue reading
08 Jun Bookkeeping What is Outsourced Accounting and how will it benefit you? January 4, 2024 By Ken 0 comments Facebook Twitter Pinterest linkedin Telegram Additionally, candidates are now able to choose their own conditions of employment, including a flex and remote work environment. BOS...Continue reading
08 Apr Bookkeeping Fixed and Variable Costs: Theory and Practice in Electricity SpringerLink January 15, 2024 By Ken 0 comments Facebook Twitter Pinterest linkedin Telegram When choosing your electricity supplier, you must choose whether to go with a fixed, variable or unlimited rate. Each rate option has p...Continue reading
08 Nov Bookkeeping How to Record the Purchase of A Fixed Asset Property January 16, 2024 By Ken 0 comments Facebook Twitter Pinterest linkedin Telegram The company uses this account when it reports sales of goods, generally under cost of goods sold in the income statement. The most liqu...Continue reading
27 Nov Bookkeeping Face Value: Meaning in Finance, Formula, Example & Terms January 15, 2024 By Ken 0 comments Facebook Twitter Pinterest linkedin Telegram The rationale behind the stock split is to reduce the price of the stocks so that they become more accessible to a broader base of inve...Continue reading
17 Sep Bookkeeping Accounting for Inventory Purchase, Journal Entries, Example, and More January 16, 2024 By Ken 0 comments Facebook Twitter Pinterest linkedin Telegram The Financial Accounting Standards Board (FASB) and Generally Accepted Accounting Principles (GAAP) require all merchants and manufactu...Continue reading
26 Aug Bookkeeping Your guide to accounting for manufacturing businesses January 9, 2024 By Ken 0 comments Facebook Twitter Pinterest linkedin Telegram What’s important to recognize is how inventory valuations and methods impact COGS and COGM for accounting for manufacturing. Since fina...Continue reading