If every single buyer had taken advantage of the early payment discount, the company would have provided roughly $10 thousand in discounts during that same... Continue reading
Asset, liability and equity accounts are generally listed first in a COA. These are used to generate the balance sheet, which conveys the business’s financial... Continue reading
Adjusting entries are a key component in accrual accounting, ensuring that income and expenses are recorded when they are earned or incurred. The primary distinction... Continue reading
If we go back and look at the trial balance for PrintingPlus, we see that the trial balance shows debits and credits equalto $34,000. Once... Continue reading
AOL paid $162 billion for Time Warner, but AOL’s value plummeted in subsequent years, and the company took a goodwill impairment charge of $99 billion.... Continue reading
You can document trucking costs manually, but connecting your business accounts to accounting software is much easier. It can track and categorize your expenses automatically,... Continue reading