Cash Basis VS Accrual Basis | Definition, Example With Explanations

cash basis vs accrual basis

Want to know the difference between cash and Accrual basis for  Business Transactions? Cash basis and accrual basis are the two important methods of accounting. Both have different characteristics. They are different according to their basis. Maybe you have to face both of these. I was read some articles on it. But I didn’t get … Read moreCash Basis VS Accrual Basis | Definition, Example With Explanations

How Artificial Intelligence Is The Future Of Accounting | Learn Now

The future of accounting

Are you worrying Machine Learning impact on Accounting in future? The technological advances must think about the future of our career. We should participate in the operation of the execution of the organization. Traditional accounting fails because its main approach no longer serves. The accounting is based on the idea of company history that is … Read moreHow Artificial Intelligence Is The Future Of Accounting | Learn Now

Investment income (ROI) | significant effect on tax and income

Investment income

What is investment income for tax purposes, example and explanations? Investment income definition: Investment income comes from capital gains such as interest payment, dividends, sales of security of assets, stock dividends, mutual fund distributions, bonds. Sometimes investment income called unearned income is the money that you collect from your investment. Your net investment income what … Read moreInvestment income (ROI) | significant effect on tax and income

The Best Way To Accumulated depreciation | The Explanation

What is accumulated depreciation

The Depreciation Meaning and Explanation With an Example to Tts Users? Meaning of accumulated depreciation: Depreciation has many of method. An accumulated depreciation is one of them. Accumulated depreciation meaning is a stand of an accumulated depreciation is actually made up cumulative depreciation for a fixed asset up to its lifespan. In this method depreciation … Read moreThe Best Way To Accumulated depreciation | The Explanation

Difference between Finance and Accounting | haven’t ever heard

Difference between finance and accounting pdf

Accounting vs Finance Importance For Professionals and Students Most of the people think a subject like accounting and finance are the same thing. Whatever, there have several key differences between accounting and finance and that’s why the prospective students are confused to choose their future plan for professionalism career path. Finance vs. accounting definition: Accounting … Read moreDifference between Finance and Accounting | haven’t ever heard

The Difference between journal vs. ledger | Basics idea can know

Do you want to know about the difference between Journal vs. Ledger? The difference between journals and ledger is that the journal book is the entry book of all transactions and the ledger is the recording process of the journalize entry. In the double entry accounting system, every transaction has two effects and equal. One … Read moreThe Difference between journal vs. ledger | Basics idea can know

How to prepare ledger accounts | Definition, Example with Explanations

Ledger account meaning

The Ledger Accounts After The Journalize Entries And Finally Affects on Balance sheet. The ledger accounts begin after journal entry. A journal entry is consists of the daily business transactions but it does not give information a specific account in one place such as if the business owner knows the position of the cash balance … Read moreHow to prepare ledger accounts | Definition, Example with Explanations

Journal Entry Definition | Learn the Basics Journal Entry Idea

Journal entry meaning

Journal Entry Meaning And Basics Idea Which You Can Understand Easily In bookkeeping or accounting system, business transactions are firstly recorded in a journal. Definition of the journal entry is the foundation of all accounting and financial data. This is the first step of the accounting cycle and takes place of all financial transactions when it’s … Read moreJournal Entry Definition | Learn the Basics Journal Entry Idea

The Balance Sheet Equation | Whatever Balance Sheet should have

Balance sheet equation example

Three elements which consist of perfect Balance Sheet     In the balance sheet, assets, liabilities and owners equity are the three main elements of the balance sheet. In my above presentation I concise the three elements of the balance sheet. if you want to clear concepts about accounting equation then go to accounting cycle … Read moreThe Balance Sheet Equation | Whatever Balance Sheet should have

Eight steps of accounting cycle | Get an idea of the accounting cycle

8 steps of accounting cycle

Eight steps and you get an idea of basics accounting from accounting cycle. The accounting cycle is a series of work in an organization of bookkeepers. In an organization’s activates of the firm has daily transactions and the transactions will be recorded on categorizing of the different steps of accounting which are called accounting cycle at the … Read moreEight steps of accounting cycle | Get an idea of the accounting cycle