Category Archives: Bookkeeping

Accounting Equation

Content Why Is It Necessary To Reconcile Your Financial Institution Statements? The Way To Stability The Accounting Equation Relationship To Double Entry Accounting What’s The Function Of The Accounting Equation? Boundless Enterprise The Accounting Course Of Accounting Equation: An Entire Information For example, suppose you realize that Company A has complete assets of £10 million […]

Allocation Definition & Meaning

Content What Is Capital Allocation? Example Of Allocating Costs The Advantages Of The Direct Method Of Cost Allocation Statistics For Allocate Reasons Not To Allocate Costs If Direct costs are the foundation, the Overhead costs are one touch away. These activities can be attributed to your Direct Costs for purposes of expense reimbursement. A student […]

Components Of Internal Control

Content What Are The Different Types Of Controls? What Is The Basic Purpose Of Internal Controls? Internal Control Types Policies & Procedures Roles And Responsibilities In Internal Control Policies And Safety Accounting Principles I This creates efficiency in a process and saves time during an audit. The four types of internal controls mentioned above are key […]

The Definition Of “traceable Costs”

Content Understanding Direct Costs What Is The Amount Of Costs Traceable To Specific Products? Accounting For Managers What Is Opportunity Cost And Joint Cost? The Meaning Of Cost Accounting Are Depreciation And Amortization Included In Gross Profit? For example, a company may incur the cost of building insurance for its production facility. This cost is […]

How To Record Accrued Interest

Content Recording Interest For Accounts Payable Using A 360 Taxation Of Accrued Interest How To Calculate Capitalized Interest On Assets Financial Analyst Training Accrued Interest Accounting Stay Up To Date On The Latest Accounting Tips And Training Accrued interest refers to the amount of unpaid interest that has accumulated on an account even though is […]

Double Entry Bookkeeping System

Content The Accounting Equation And How Debits And Credits Affect Accounts For Every Transaction: The Value Of Debits Must = The Value Of Credits Double Entry Accounting Examples Of Double Entry Accounting Double Entry Bookkeeping This entry increases the inventory asset account with a debit and establishes a liability for the amount owed on credit […]

Horizontal Analysis Of Balance Sheets And Financial Statements

Content Horizontal Vs Vertical Analysis: Comparison Table Horizontal Analysis In Reporting Standards Difference Between Park Hopper And Park Hopper Plus The purpose of vertical analysis is to evaluate the trend of a specific item with an everyday item within the current year. The terms horizontal and vertical analysis are parts of financial analysis, which is […]

Answers To Your Questions On Employee Payroll Tax Deferrals

Content What Is A Payroll Tax Deferral? The New Stimulus Payments Arent Protected From Debt Collectors Payroll Tax Deferral For Employees When that didn’t happen, he issued an executive order aimed to give household relief from the coronavirus pandemic’s financial strain. President Trump initially wanted a legitimate payroll tax cut included in a stimulus […]