fbpx

Kategori Arşivleri: Bookkeeping

Sales Journal Entry How to Make Cash and Credit Entries

There is also a single column for the debit to Cost of Goods Sold and the credit to Merchandise Inventory, though again, we need to post to both of those. When a piece of merchandise or inventory is sold on credit, two business transactions need to be record. First, the accounts receivable account must increase […]

Are Fixed Assets Current Assets? Similarities & Differences

By definition, any asset that is guaranteed to last at least one year would be considered a fixed asset. However, fixed assets have varying depreciation cycles, the length of which depends on the type of physical asset. The classification of assets directly influences a company’s financial health. Ask Any Financial Question Briefly stated, anything that […]

Financial Statement Analysis: How Its Done, by Statement Type

This report tracks the changes in operation over time, including the reporting of donations, grants, event revenue, and expenses to make everything happen. For instance, publicly traded companies report certain financial https://www.renaultbook.ru/chapter/news/explore/dizelnye-renault-scenic-i-grand-scenic-obzavelis-robotom reports to the Securities Exchange Commission (SEC) in the US. In many regions, it’s a requirement for registered companies to complete and lodge […]