da admin | Ott 11, 2023 | Bookkeeping
This principle plays an important role in ensuring reduced information https://simple-accounting.org/ asymmetry between the shareholders and the management. Both represent possible losses to the company, and both depend on some uncertain future event.In the practical...
da admin | Ago 22, 2023 | Bookkeeping
Today, it usually takes around 1-2 days to clear, so it is much harder to take advantage of the float. Subsequently, driven by the competitive market environment as well as various technological and customer pressures, other types of virtual banking services have...
da admin | Giu 29, 2023 | Bookkeeping
Unlike conventional expenses, the business will receive something of value from the prepaid expense over the course of several accounting periods. Where the cash basis accounting is what is in place in a business, accrued expenses are not recognized. Rather, expenses...
da admin | Apr 10, 2023 | Bookkeeping
On the debit side, you enter the amount in a depreciation expense account. This is a contra-asset account (an asset account with a credit balance rather than a debit balance as would normally occur). To calculate the straight line basis, take the purchase price of an...
