‘Bookkeeping’


Financial accounting 1 3 pdf What is an accounting liability? Definition: An obligation resulting

12/09/2022  |   Bookkeeping  

Financial accounting 1 3 pdf What is an accounting liability? Definition: An obligation resulting

Content What Is the Difference Between a Debit and a Credit? IG services Resources for Your Growing Business Examples of Liabilities Current Liabilities How to open a Barclays business account They usually take the form of payments a company must make to others. In the balance sheet, you need to take into consideration both your [...]


What are Contra Accounts?

07/03/2022  |   Bookkeeping  

What are Contra Accounts?

Content Types of Contra Account What is a Contra Account? Definition Understanding contra accounts Obsolete inventory reserves Free Financial Statements Cheat Sheet Presentation of Contra Assets Presentation of Contra Asset Accounts Therefore, an example of a contra asset account involved with a depreciation situation seems reasonable to observe. Nova Incorporated is attempting to finalize their [...]


How to Calculate the Cash Flow From Investing Activities

21/04/2021  |   Bookkeeping  

How to Calculate the Cash Flow From Investing Activities

Content How to Calculate Cash Flow from Investments? What Do You Have to Watch Out For When You’re Using Cash Flow from Investing Activities? Definition of Investing Activities Example of Cash Flow From Investing Activities Cash Flow from Financing Investment in CapEx indicates that the company intends to grow in the future. This section provides [...]


Sales Discounts, Returns and Allowances: All You Need To Know

18/09/2020  |   Bookkeeping  

Sales Discounts, Returns and Allowances: All You Need To Know

Some customers who enjoy discounts may become repeat customers. However, other customers only buy items at a discounted price. These customers are often one-time buyers and do not contribute to your business’s growth. Examples include Net D cash discounts like 2/30 Net 60, where a full invoice payment is due in 60 days but a [...]