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Content “Every Event is not a Transaction but Every Transaction is an Event” Account DEBIT SIDE Modified cash-basis transactions Accounting Transaction Analysis Recap It belongs to business not to the owner or any other person managing the business. Capital transactions are those that have long-term consequences. What is transaction and Read more…
Content Accounting Principles II Product Costs on the Balance Sheet Average Cost Method Conclusion – cost of goods manufactured vs cost of goods sold: Cost of Revenue vs. COGS Total manufacturing cost: direct materials and labor The primary importance of calculation of cost of goods manufactured and ultimately cost of Read more…
Content How To Use Asset = Liabilities + Equity Management Accounting Liabilities Retained Earnings Equation Resources Rearranging The Accounting Equation Accounting Equation Formula And Calculation The process to calculate the loss on land value could be very cumbersome, speculative, and unreliable; therefore, the treatment in accounting is for land tonotbe Read more…
Content Do I Have To File A Tax Return? My U S Income Is Not Taxed Due To A Tax Treaty With My Country Do I Still Have To File A Tax Form? Tax Tools & Resources + What Do I Do If I Get A Letter From The Irs? Read more…
Content Recognition: How Are Trade Discounts Recognized? Trade Discount Vs Cash Discount Journal Entry Reasons For A Buyer To Take A Trade Discount: What Effects Do Stakeholders Have On Your Business? Trade Discounts Learn The Basics Of Accounting For Free Increased sales revenue helps cover costs related to manufacture. This Read more…
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Content Posting Reference In The Journal What Does Posting Journal Entries Mean? Without Journal Entries How To Post In Accounting Journal Entries: Example The Post G/L Entries to Fixed Assets program updates asset information in the F1202 table. For example, it posts domestic amounts to the AA ledger. Updates the Read more…
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