by Phillip | Jul 9, 2017 | Accounting
Lease is a mutual contract where 1 party borrows Property, Products, Services, etc.for a specific period of time from the other party who is the owner. In other words, Property, Products, Services , etc are been given on rent on a contract basis for specific period of...
by Phillip | Jul 9, 2017 | Accounting
It is necessary to comprehend the fundamental terms of entrepreneurship to understand the finances of the company as a business owner or a student. Treasury Stock is a very common term used by financial experts of the industry to protect the shares of the enterprise....
by Phillip | Jul 9, 2017 | Accounting
Costing of the job sounds manageable and easy to comprehend. But, there are a number of elements involved in considering a costing of the particular job. The enterprise cannot maintain the whole track record of expenses unless they use job costing to keep their...
by Phillip | Jul 9, 2017 | Accounting
The world is broadening its horizons day by day. It can be reflected in business areas, universities and school teach us all kinds of subjects. Important subjects like Economics, Science, and Accounting are necessary to understand them not only for the grades but, to...
by Phillip | Jul 9, 2017 | Accounting
Before going into details about how to solve problems associated with annual cash basis one needs to understand what cash basis stands for. What is cash basis? Cash basis stands for one of the major accounting methods that identify expenses as well as revenues during...
by Phillip | Jul 9, 2017 | Accounting
The first step towards the preparation of financial statement is the trial balance. Trial balance is a worksheet that is prepared to record the balances of all the ledgers in a tabular form so that the records are classified by the debit and credit columns. Usually,...
