Author: Joy Sunday Zaleng

Effective inventory management is essential for the business success of wholesalers, retailers, and distributors. Oftentimes, these companies have considerable amounts

Is prepaid expense an asset? Oftentimes, businesses incur a type of expense known as a prepaid expense where a company

What type of account is sales returns and allowances? Although goods are sold to customers, not all customers are satisfied

Unearned revenue is what type of account? There are situations whereby companies receive payment from customers for goods or services

Is dividends an asset? Companies make distributions to their shareholders out of their net income otherwise known as retained earnings.