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Content Examples Of Petty Cash Payments How Petty Cash Works How To Set Up Petty Cash For Your Business Office Supplies The first written record of ‘Petty Cash’ with its modern meaning, that we know of, was dated 1834. The word ‘Petty’ first appeared in the English language in the late fourteenth century. Etymology is […]

Content Sample Drawback On T Account Elements Of Transactions Why Cant Single Entry Methods Use T Accounts? T Account Business Operations Now, there could be a variety of totally different ledgers, each one coping with a selected aspect of the business and listing T-accounts only in that category. As you possibly can see, the traditional […]

Content Understanding Accounting Principles Financial Accounting Standards Board What Are The 10 Principles Of Gaap? What Are The Generally Accepted Accounting Principles? How Are Unusual Or Infrequent Items Treated For Ifrs And U S. Gaap? These general rules–referred to as basic accounting principles and guidelines–form the groundwork on which more detailed, complicated, and legalistic accounting […]

Content Less Common Current Liabilities Liabilities And Your Balance Sheet In Accounting, What Is The Difference Between A Liability Account And An Expense Account? How Familiar Are You With The Different Types Of Liabilities In Accounting? Accounting This total is reflected on the balance sheet and increased with a credit entry and decreased with a […]

Content Financial Statements Dividends Payable Analyzing Business Liability Types Of Equity Accounts Business Liabilities Every Owner Should Know This explains the usage of the term ‘contra’ since their debit balance is ‘contrary’ to the usual credit balances of liability accounts. Examples include accounts such as discount on bonds payable, discount on notes payable etc. Long-term […]

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You can use the calculation of retained earnings to market value to assess the change in stock price against the net earnings retained by the firm. This number will be positive if your company has made a profit, and negative if it has suffered a loss. You can get this number from the bottom […]

Content How To Prepare A Retained Earnings Statement Business Operations Understanding Statement Of Retained Earnings How To Prepare A Retained Earnings Statement A company does not have to pay income taxes on its retained earnings because those earnings represent some or all of the company’s after-tax profit. Retained earnings is what the company has available […]