Archives de catégorie : Bookkeeping

A suspense account is needed because the appropriate account was not determined at the time the transaction was being recorded. A suspense account is essentially a bookkeeping technique for keeping track of funds for a brief period until particular issues … Continuer la lecture →

The cash operating cycle of a business is the time it takes the business from its payment of purchase of raw material to the time cash is received from their sale. The cash operating cycle concept is of working capital … Continuer la lecture →

A T-account is an informal term for a set of financial records that uses double-entry bookkeeping. The term describes the appearance of the bookkeeping entries. The following are selected journal entries from Printing Plus that affect the Cash account. We … Continuer la lecture →

We are not liable for any damage or loss arising from the use of the information on our website. Once you’ve identified your cost and how it applies to your rate of production, you can tweak any number of variables … Continuer la lecture →

By recording these entries before you generate financial reports, you’ll get a better understanding of your actual revenue, expenses, and financial position. Income statement accounts that may need to be adjusted include interest expense, insurance expense, depreciation expense, and revenue. The … Continuer la lecture →