The Chronicles of Accounting Equation
The Chronicles of Accounting Equation When you have subtracted ALL expenses (like taxes) from revenues, you’re left with net income. A low debt-to-equity ratio may show that the provider isn’t taking advantage of the possible increase in profits that the accounting equation company might earn with the additional financial leverage. AR turnover measures the normal […]
The Basic Steps of Bookkeeping
The Basic Steps of Bookkeeping Well to get the answer to this, it is important to understand what exactly bookkeeping is. A lot of people look down on bookkeepers, and the act of bookkeeping is often seen as one of the less challenging aspects of accountancy. However, without good bookkeepers, accounts would find that they […]
Adjusting Entries
Adjusting Entries The income statement records sales as they occur and expenses as they are related to sales. This is accrual accounting. Business Managers must notify the Accounting Department of any money owed to the University for services that were rendered prior to the end of the year. The Accounting Department will also book a […]
