Bookkeeping

That is done by crediting accounts receivable by $100 and debiting the contra revenue account sales returns and allowances for $100. Hence, the company will… Read More »Contra asset account definition

The early receipt of cash flow can be used for any number of activities, such as paying interest on debt and purchasing more inventory. An obligation… Read More »Unearned Revenue Definition, How To Record, Example

Get $30 off your tax filing job today and access an affordable, licensed Tax Professional. With a more secure, easy-to-use platform and an average Pro… Read More »How to Create a Retained Earnings Statement

In 2022, 139 Accounting and Bookkeeping students graduated with students earning 116 Bachelor’s degrees, 21 Master’s degrees, and 2 Certificates. Pennsylvania State University-Main Campus offers… Read More »Bookkeeping Services in Pennsylvania Certified Bookkeepers PA

The other important context here is that utility companies are often natural monopolies. As a result, there’s little chance the company will be displaced by… Read More »Debt-to-Equity Ratio Calculator D E Formula

When hiring new employees, one of the most important decisions a small business owner has to make is how much to pay them. When you… Read More »Minimum Wage Rates by State 2024

Understanding the distinctions between operating, finance, and capital leases is crucial for accurate financial reporting and decision-making. Businesses must carefully evaluate the implications of different… Read More »Lease Accounting

John, in Example 1, allows unrelated employees to use company automobiles for personal purposes. John does not include the value of the personal use of… Read More »Publication 946 2023, How To Depreciate Property Internal Revenue Service

On the other hand, investors rarely want to purchase the stock of a company with extremely low debt ratios. A debt ratio of zero would… Read More »How To Calculate Debt To Asset Ratio With Examples