Accounting for Cash Transactions
Content Accounting Principles I How to Figure Shorts & Over Entries in Accounting The rules of business Calculate the Sum of Vouchers Step 3: Create a shortage or overage account in QuickBooks Desktop This will help you discover any errors in your customer statements before you mail them out. Your accounting software should notify you […]
Functions of Capital Markets Why Capital Markets Matter?
Content Capital Market UPSC Software Engineering and Application Development Practical Insights For Wealth Creation What are Capital Markets: Equity and Debt Through facilitating the sell and purchase of long-term financial instruments, the capital market reduces the cost and time of trading significantly. Examples of capital markets include stock exchanges, bond markets, and futures exchanges. The […]
Cash Basis vs Accrual Basis: Which is Right to Use?
When you receive the cash for a service or product, you realize the income. When you buy something, and cash is exchanged, it is realized as an expense. With the accrual basis of accounting, if cash (e.g., a deposit or down payment) is received before the actual sale or provision of a service, no revenue […]
Straight-Line vs Accelerated Depreciation Accounting Services
There are several calculations available for accelerated depreciation, such as the double declining balance method and the sum of the years’ digits method. If a company elects not to use accelerated depreciation, it can instead use the straight-line method, where it depreciates an asset at the same standard rate throughout its useful life. All of […]
Average Collection Period Formula with Calculator
Content How to calculate average collection period How is the Average Collection Period Formula Derived? What is Average Collection Period and how is it calculated? What Is Average Collection Period? – Formula and How to Calculate It Parking ratio How to improve average collection period Formula for Average Collection Period TOTAL LIABILITIES: What They Are […]
