Outstanding Check- What Is It, Examples, Vs Deposit In Transit

Have you ever experienced the frustration of receiving an outstanding check due to insufficient funds? [...]

Contra Account: A Complete Guide + Examples

Non-current Liabilities – Also termed as fixed liabilities they are long-term obligations and the business [...]

How does revenue affect the balance sheet?

Since equity accounts for total assets and total liabilities, cash and cash equivalents would only [...]

Negative Confirmation Overview, Types, When to Use

Auditors might need to engage in discussions with the client to explore the reasons behind [...]

Learn Accounting Online for Free

Finally, the net income margin is 40%, indicating that 40% of the company’s net sales [...]

Fixed Asset Accounting Cycle: A Comprehensive Guide

For the past 52 years, Harold Averkamp (CPA, MBA) has worked as an accounting supervisor, [...]

Financial reporting: Definition, types and examples

If a firm performs lousily, this report points out the cause behind underperformance. Pipedrive, for [...]

9 Bookkeeping Tips for Gym Owners

So, if you make proper arrangements while ensuring adequate cash flow, you are able to [...]

Simple Steps to Calculate Net Income from a Balance Sheet

It is essential to assess net profit or net loss as it reveals a company’s [...]