Category - Bookkeeping

In addition to what you’ve already learned about assets and liabilities, and their potential categories, there are a couple of other points to understand...

As resources, plants and animals are only renewable if they are replaced when used. Trees cut down for lumber and other uses must be replaced soon after...

Whereas Cash Before Shipment expects the invoice to be fulfilled before goods will be shipped, Cash with Order requires a customer to pay in full before goods...

Larger companies would apply this same process to each department and product to ensure sufficient sales goals. An entirely justifiable reason for not...

Investigating the validity of the accounting equation theory can provide a deeper understanding of how financial statements are interconnected. The accounting...

The management may be able to formulate its approach to expansion on the what is the accounting cost basis of estimates of production of various levels. If...

The firm uses the FIFO cost layering system, and the oldest cost layer for the green widget states that the widget costs $10. However, the replacement cost of...

It gives you an average cost per employee, which can be a useful metric for understanding how your payroll costs are distributed across your workforce. This...

With accrual accounting, you must document not only your cash flow but also all of your assets and liabilities. Nearly magical accomplishments are possible...

You can start checking on the status of your return sooner – within 36 hours after you file your e-filed return or 4 weeks after a mailed paper return...