Bookkeeping

This happens when transactions are recorded in the wrong account category, such as treating a capital expenditure as an operating expense. Such errors distort financial ratios and mislead stakeholders about…

Basic Accounting Assumptions are fundamental concepts and guidelines under which the financial statements are prepared. The unadjusted and adjusted trial balances as of September 30 are shown bellow ALENA CO.Trial…

For example, if a business pays rent for April on May 1st, it would record the rent expense in May. This method is simple and easy to understand, but it…

Think of manufacturing companies with complex overseas shipment or retailers that have numerous warehouses shipping them items. In both cases, there’s always a fair amount of items in no one’s…

Some transactions require a little more context, or additional notes to jog your memory. Azibo enables you to add contact details (for vendors and tenants) and other notes to transactions…

From the first tender shoots in the vineyard to the satisfying pop of a cork, your winery embodies passion and hard work. With all the love and effort you put…

Permanent accounts are accounts that you don’t close at the end of your accounting period. Instead of closing entries, you carry over your permanent account balances from period to period.…

Here are some of the categories we used to rank the providers that made the top of the list. While in the preconstruction phase of a project, you can perform…

If they exceed the initial relevant range, the fixed costs would increase to $400 for nine to sixteen passengers. If the annual volume of Product A is 200,000 units, Product…

When a company issues shares of stock to raise capital, it is common for the shares to be sold at a price higher than the par value. The difference between…