Accounting Theory

The expense account concept has two different symbolism. One involves take a trip and entertainment bills, and the other is really a more general concept…

Journalizing is the process of recording a business transaction in these accounting records. This activity only pertains to the double-entry bookkeeping method. The steps associated…

The average accounts receivable figure is required in certain situations avoiding measurement problems. An enterprise typically includes it is ending accounts receivable balance in a…

Check kiting is the deliberate issuance of your check for which there isn’t sufficient cash to cover the stated quantity. The mechanics on this fraud…

Profitability ratios are a set of dimensions used to find out the ability of a business to create earnings. These ratios are considered to be…

Accrued rent is either the volume of unpaid rent owed by way of renter, or the volume of unpaid rent not necessarily yet collected because…

Market value ratios are employed to evaluate the actual share price of an publicly-held company’s share. These ratios have employment with current and potential investors…

Market value ratios are used to calculate the actual share price of an publicly-held company’s investment. These ratios have used with current and potential investors…

A contingent asset is generally a possible asset that may arise caused by a gain that will be contingent on future events which have been…

The imprest system is definitely an accounting system for spending and subsequently replenishing petty cash. Petty cash is usually a small reserve regarding cash kept…