Bookkeeping

Content Definition of Vertical Analysis Summary- Horizontal vs Vertical Analysis Get professional help and free up your time for more important courses Related Differences Definition of Horizontal Analysis Horizontal Analysis This type of analysis reveals trends in line items such as cost of goods sold. We’re expressing all of these individual line items as a […]

The balance sheet records assets and liabilities, as well as the income statement, which shows revenues and expenses. The income statement might include totals from general ledger accounts for cash, inventory and accounts receivable, which is money owed to the business. They are sometimes broken down into departments such as sales and service, and related […]

Content Three Basic Rules of Double-Entry System of Accounting Double Entry Accounting System – Explained Example 3: Paying for Business Expenses Also once workers’ salaries have been released, both the Salary Payable account and the Cash account will decrease. If one account has a natural debit balance, a debit will increase the total amount in […]

Content What is a Cash Flow Statement? Cash Flow From Financing Activities (CFF): Definition & Formula What is Cash Flow from Financing Activities? 3. Equipment Financing A section of the statement of cash flows that includes cash activities related to net income, such as cash receipts from sales revenue and cash payments for merchandise. When […]

Content AccountingTools Current Year Balance Sheet Showing Current Year Earnings Want More Helpful Articles About Running a Business? Closing entries How do you calculate the opening balance? Go to Accounting ‣ Periodical Processing ‣ End of Period ‣ Generate Opening Entries. You can’t contact the experts outside of chat board platform. Sharing any personal information, […]