Category: Bookkeeping

Your inventory value would be $70 since there were 10 bags left that you bought for $1 and 30 left that you bought for $2. Only after you’ve accounted for….

Also, there are some banks offering account promotions that can help you get started with your new checking account. If you receive a check over 180 days old, most banks….

It’s advisable to check with a tax advisor or the organization itself if you’re unsure. That often depends on the amount you donated and the tax laws in your jurisdiction…..

Vertical analysis is the comparison of financial statements by representing each line item on the statement as a percentage of another (base) line item. Vertical analysis is a method of….

When you pay the amount due, you reverse the original entry. Usually, accrued liabilities occur in one period, and you pay the expense in the next period. To happen; to….

Courses are great if you like a systematic approach to learning new skills rather than searching random bits of information off the internet. Coursera Plus subscriptions, which come with a….

Moreover, gyms and wellness centers often offer membership plans that can range from monthly subscriptions to annual contracts. Accurate revenue recognition and handling of deferred income are essential to reflect….

Accounts receivable turnover is calculated by dividing net credit sales by average accounts receivable. A higher accounts receivable turnover ratio indicates that a company is efficiently collecting its receivables and….