Accounting articles

Luca Pacioli

Luca PacioliGolden rule for nominal accountsBecause these two are getting used at the same time, you will need to understand the place each goes in the ledger. Keep in thoughts that most enterprise accounting software program keeps the chart of accou... Read more

What is a condensed income statement?

What is a condensed income statement?Consolidated financial statements combination the financial position of a father or mother company and its subsidiaries. This allows an investor to check the general health of the company in a holistic manner quit... Read more

Accounting Methods

Accounting MethodsThe $2,400 transaction was recorded within the accounting records on December 1, but the quantity represents six months of protection and expense. By December 31, one month of the insurance coverage and price have been used up or ex... Read more

Accounts Payable

Accounts PayableAutomated Accounting ProcessCommon stock, dividends and retained earnings are all examples of equity. There are 5 major forms of accounts in accounting, particularly assets, liabilities, fairness, revenue and expenses. Their function... Read more