Accounting

What are adjusting entries? For every business, there is a time frame (usually a fiscal year) in which a business

In accounting, there are different types of adjusting entries that reflect unrecorded business transactions that have taken place but have

An accrued expenses journal entry is made in the books when recording the expenses incurred over one accounting period that

Is accrued expenses debit or credit? Accrued expenses, which is also called accrued liabilities, is an account that reports an

Why are adjusting entries necessary? Adjusting entries are made in a company’s accounting records to account for missing information, correct

What type of account is rent expense? Rent expense is the cost that a business incurs to use a property

The current ratio is a type of liquidity ratio that measures a company’s ability to pay its short-term obligations with

When it comes to gaining insight into the financial health of a company, there are many metrics investors and analysts

I will cover in detail how to build a cash flow statement from a balance sheet and an income statement

What is the difference between GAAP vs IFRS balance sheets? GAAP and IFRS are the two main sets of accounting

A company’s revenue is the financial measure of the goods and services that it has provided to its customers during

An asset turnover ratio is a ratio that compares the total amount of a company’s net sales in dollar amount