Author: Joy Sunday Zaleng

Investors and analysts compare net income vs net revenue to assess a company’s financial stability and profitability. It is important

Is net income on balance sheet or income statement? Net income is an important factor as it represents the amount

The different types of profitability ratios are helpful as they help a business or a company assess its financial performance

Is investment debit or credit? Individuals and businesses make investments with the hope of earning income in the future. These

Is accumulated depreciation an expense? Every company or business make use of fixed assets such as plants, machinery, motor vehicle,

Reporting bad debt expense on income statement allows companies to accurately and completely report their financial position. Every company, at

Are expenses liabilities? Expenses and liabilities both represent a cash outflow that is either incurred in the current period as

Is utilities expense debit or credit? Usually, businesses (as well as individuals), incur costs when they make use of things

Are drawings debit or credit? In a business, there are situations whereby owners withdraw part of the business capital. It

Is capital debit or credit? Every business requires capital for its startup as well as its sustenance. In other words,

For any company to remain in business, making sales is vital as this is what every company should be thinking

Service revenue asset or liability? Businesses generate income from the services they complete to an individual or another entity. Accounting