Bookkeeping

After almost a decade of experience in public accounting, he created MyAccountingCourse.com to help people learn accounting & finance, pass the CPA exam, and start their […]

The material quantity variance can yield unusual results, since it is based on a standard unit quantity that may not be even close to actual usage. […]

When shares are kept with the intention of future resale, these shares are known as treasury stock. On the shareholders’ equity section of the balance sheet, […]

You can take a printout of these statements for your accountant and send it across to them at the time of filing or invite them to […]

Unearned revenue is revenue that will be accrued as soon as services or goods are provided to the end customer. That change in ARs means that […]

Depreciation is the accounting way of showing how an asset continues to have value. The depreciation value is used as a taxable expense to lower the […]

Aspiring accounting and financial professionals face a bewildering array of degree, concentration, and career options. Individuals seeking high-paying financial analysis or management careers may do well […]

Examples of liabilities include accounts payable, bank loans, and taxes. The accounting equation is also useful when considering how these assets will influence the company’s equity […]

In the sales account, you will take the entire amount of sales i.e. ₹5,000 but break it into postings, i.e., one cash A/c ₹4,500 and discount […]