Author: Blessing Peter Titus

Is salaries expense debit or credit? Salaries expense is normally recorded in a company’s income statement as part of the

Is cash debit or credit? One of the most regularly used assets of companies is cash. It is used to

Retained earnings debit or credit? Retained earnings are usually recorded on the right column of a company’s balance sheet under

Sales are part of the revenue a company makes and is usually recorded on the company’s income statement. When companies

Service revenue is what type of account? As a business owner, understanding what type of account the service revenue is

If you are not familiar with the various accounting principles that businesses use, you will be wondering what unearned revenue

Income statement ratios are important when analyzing the income statement of a company. The income statement ratios formulas are created

Is sales discount debit or credit? When companies sell goods or render services, they may offer sales discount. These transactions

Equipment debit or credit? There is no company that has not had the need of asking this question at some

In order for any kind of business to strive, to keep track of its finances, and understand its financial standing,

Assets, liabilities, and equity are important terms when it comes to operating a company and understanding its financial standing. A