Capital budgeting technique
Long-term investment decisions are made through capital budgeting. It is most certainly a company’s most important financial decision and it
Accounting Treatment of Goodwill
Table of Contents The goodwill of any company is considered an intangible asset. Business goodwill is connected with business acquisitions,
Amortization and its accounting treatment
Amortization is writing down the loan’s value and intangible assets like goodwill, trademark, copyright, etc. It is similar to depreciation,
Bank Reconciliation Statement – a detailed guide
In general, businesses or clients open a current account with a bank, conduct transactions, and record them in a bank
Depreciation – methods, examples & accountin...
It’s crucial to look at how companies use depreciation, which can account for a large number of a company’s owners
Cash Book- Single, Double & Triple Column
A cash book is a particular type of book that is only concerned with the recording of transactions of an
Cash Basis of Accounting- a quick guide
Cash basis accounting is fundamental to the accounting process which recorded the total revenue when cash is received. Cash accounting
What Is Accrual Based Accounting?
One of the critical responsibilities of business owners and accountants is selecting an accounting technique to record transactions. Accrual-based accounting
Accounting Equation -formula, examples, and explanation
The accounting equation is the most important part of the accounting process. The dual accounting technique is used in
Post-closing trial balance-examples, and importance
The post-closing trial balance is the ninth (and last) step of the accounting cycle. It can be prepared before the new
Closing Journal Entries
Closing journal entries are an essential component of the accounting cycle in which balances from temporary accounts are transferred to
Financial Statements – Definitions, Examples
Financial statements are very essential while making several business decisions. Business owners, managers, and other stakeholders use financial statements to
An Adjusted trial balance
An adjusted trial balance is the sixth step of the accounting cycle in which ending balances are listed in all
Adjusting Journal Entries – Examples
Table of Contents Adjusting journal entries are the fifth step in the accounting cycle and also an essential part of
How to Prepare Unadjusted Trial Balance
The unadjusted trial balance is the fourth crucial step of the accounting cycle. An unadjusted trial balance is prepared after
Recording Transactions In The General Journal
Recording transactions in the general journal is an essential step of the accounting cycle. it comes after analysing the transaction.
What Is the concept of Debit and Credit?
The debit and credit are two of the most crucial accounting terms you need to understand. This is particularly important
General Ledger: Posting Process & Rules
Posting to the general ledger is the most crucial accounting cycle phase. This process comes after the journal entries, in
Identification and Analysis of Transactions in Accounti...
Identification and analysis of transactions in accounting is an essential part of the accounting process. Whenever a business starts to
Golden Rules of Accounting – Types of accounts
In accounting and finance, accounting rules are the most famous and commonly used term. These rules are universally applicable, and
Accounting Standards
Accounting standards are principles and guidelines that provide a framework for financial reporting. They are designed to ensure that financial
Copyright © 2024 – Powered by uConnect