Accounting

Discuss and Analysis on Work Sheet

Discuss and Analysis on Work Sheet

General objective of this article is to Discuss and Analysis on Work Sheet. Here discuss Work Sheet in accounting term with proper example. A work sheet is usually an optional step in the actual accounting cycle. It is an informal document that’s not considered a financial statement, altho.....

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Discuss and Analysis on Closing Entries

Discuss and Analysis on Closing Entries

Basic purpose of this article is to Discuss and Analysis on Closing Entries. To update the total amount in the owner’s cash account, accountants close earnings, expense, and drawing accounts at the end of each fiscal year or, occasionally, at the end of each accounting period of time. For .....

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Define and Discuss on Depreciation

Define and Discuss on Depreciation

General purpose of this article is to Define and Discuss on Depreciation. Depreciation is the process of allocating the depreciable cost of the long‐lived asset, except for land and that is never depreciated, to expense within the asset’s estimated service life. Depreciable cost include.....

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Define and Discuss on Financial Statements

Define and Discuss on Financial Statements

This article focus to Define and Discuss on Financial Statements. Financial statements have decided immediately after the adjusting trial balance. Knowing tips on how to record transactions, make adjusting entries, and create trial balances gives you a greater under‐standing of the information.....

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Discuss and Analysis on Prepaid Expenses

Discuss and Analysis on Prepaid Expenses

This article focus to Discuss and Analysis on Prepaid Expenses. Here briefly analysis Prepaid Expenses process with example. Prepaid expenses are assets that become expenses as they expire or get worn-out. For example, office supplies are regarded as an asset until they are used during doing bu.....

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Discuss on Accrued Revenues

Discuss on Accrued Revenues

basic purpose of this article is to Discuss on Accrued Revenues. here briefly discuss Accrued Revenues with proper example and calculation. An adjusting entry to accrue revenues is critical when revenues have been earned but not yet recorded. Examples involving unrecorded revenues may involve in.....

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Discuss on T Accounts

Discuss on T Accounts

Basic objective of this article is to Discuss on T Accounts. Here analysis on T Accounts process in accounting management. Accountants document increases in asset, purchase, and owner’s drawing accounts for the debit side, and these people record increases in liability, revenue, and owner.....

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Discuss and Analysis on Journal Entries

Discuss and Analysis on Journal Entries

This article focus to Discuss and Analysis on Journal Entries. Tracking business activity with T accounts will be cumbersome because most businesses have a large number of transactions each day. After making determination, an accountant enters the particular transactions in chronological order .....

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Discuss on Double Entry Bookkeeping

Discuss on Double Entry Bookkeeping

Basic objective of this article is to Discuss on Double Entry Bookkeeping. Under the double entry bookkeeping system, the full value of each transaction is recorded on the debit side of a number accounts and also on the credit side of a number accounts. Therefore, the combined debit balance off.....

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Analysis on Understanding Financial Statements

Analysis on Understanding Financial Statements

General objective of this article is to Analysis on Understanding Financial Statements. Financial statements shown on the next several pages are for any sole proprietorship, which is usually a business owned by anyone. Corporate financial statements tend to be slightly different. The four basic.....

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Discuss on the General Ledger

Discuss on the General Ledger

Principle objective of this article is to Discuss on the General Ledger. Here briefly discuss on General Ledger process. After journalizing transactions, the next step in the accounting process is to post transactions to the accounts in the general ledger. Although T accounts provide a concep.....

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Discuss and Analysis on the Trial Balance

Discuss and Analysis on the Trial Balance

General purpose of this article is to Discuss and Analysis on the Trial Balance. After posting all transactions by an accounting period, accountants make a trial balance to verify which the total of all reports with debit balances equals the overall of all accounts with credit balances. The tri.....

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