Obotu Agape Oguche, Author at Financial Falconet

What type of account is cost of goods sold?

What type of account is cost of goods sold? The cost of goods sold (COGS) is a listed item on

Is Cost of Goods Sold a Debit or Credit? (COGS)

Is cost of goods sold a debit or credit? Transactions are usually recorded in accounting as a debit or credit

What type of Account is Sales Discounts?

What type of account is sales discounts on financial statements? A sales discount is recorded in a separate account from

Treasury stock debit or credit?

Is treasury stock debit or credit? Treasury stocks are previous outstanding stock that has been bought back by the issuing

Accumulated depreciation is what type of account?

Is it an asset or a liability? Accumulated depreciation is the total amount of depreciation expense that has been associated

Common stock: debit or credit?

Is common stock debit or credit? Common stocks form company equity and are therefore treated as equity in accounting. Companies

Accounts receivable: Debit or Credit?

Is accounts receivable debit or credit entry? The majority of businesses offer goods or services to their customers on credit.

Where is accumulated depreciation on the balance sheet?

Where is accumulated depreciation on the balance sheet? Accumulated depreciation is treated as a long-term contra asset and is therefore

Are expenses assets, liabilities, or equity?

Are expenses assets, liabilities, or equity? For accounting purposes, expenses are recorded on a company’s income statement rather than on

Is accumulated depreciation an asset?

Is accumulated depreciation an asset? Accumulated depreciation is the total depreciation that is reduced from the value of an asset,

Is Accumulated Depreciation Debit or Credit?

Accumulated depreciation is the total depreciation that is reduced from the value of an asset, and recorded on the credit

Expense: Debit or Credit?

Expenses are the monetary charges that a company incurs from the day-to-day operation of its business. Companies break down their

Is revenue an asset or equity?

For accounting purposes, revenue is recorded on a company’s statement of income rather than on the balance sheet where assets,

Is accounts receivable an asset?

Is accounts receivable an asset? Companies provide goods and services to customers sometimes on credit. When a seller company does

Revenue: Debit or Credit?

Is revenue debit or credit? Revenue in accounting is the total amount of income realized from the sale of goods

Liabilities vs Assets Differences and Similarities

Liabilities and assets usually appear together in business terms. These items make up the components of the balance sheet of

Stock Options vs RSA Differences and Similarities

Stock options and restricted stocks are forms of employee equity compensation given by employers. With these compensations, employees gain a

RSU Taxes: How are RSUs taxed?

How are RSUs taxed? The taxes on RSU is different from other forms of equity compensation like stock options. When

Stock Options vs RSU Differences and Similarities

Stock options and RSU are forms of employee equity compensation that employers give to employees. They are generally the most

Tax Treatment of Incentive Stock Options

Incentive stock options tax treatment was created by the Revenue Act of 1950. The stock option grants became popular in

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Author: Obotu Agape Oguche