Double Entry Accounting Examples? It’s Easy If You Do It Smart! What Everyone Must Know About Double Entry Accounting Effectiveness in accounts Double-entry accounting transaction has two effects. For example, if someone purchases grocery goods from a store, he pays cash to the shopkeeper. This simple transaction has two effects from the aspects of both….
Learning accounting concepts and understanding their process can be hard if you try to comprehend this on your own. Deeper analysis is needed especially in analyzing transactions from journalizing, posting, making financial statements, and interpreting the results. One way for you to understand its concepts is by attending online classes for you to have an…
Revenue is a company’s income from its various operation sources. It is a monetary measure, and it is generated from sales that exceed the cost of goods sold. In accounting, revenue can be calculated in two ways: it can be calculated by using the top line or by using the bottom line. The top-line method…
Accounting is all about performance, which means accountants must communicate their results lucidly and consistently. Many of the terms you’ll come across are useful day-to-day concepts that will help you with your work or understanding what others do so that they know they can trust you. However, others may be less self-explanatory – just like…
