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Investment income

Investment income (ROI) | significant effect on tax and income

What is investment income for tax purposes, example and explanations? Investment income definition: Investment income comes from capital gains such as interest payment, dividends, sales of security of assets, stock dividends, mutual fund distributions, bonds. Sometimes investment income called unearned income is the money that you collect from your investment. Your net investment income what Read more about Investment income (ROI) | significant effect on tax and income[…]

The chart of accounts

The Chart of accounts | Intro, Example with Explanations

Chart of Accounts Tools to Use Serving Financial Statement Entity. A chart of accounts is a list of name of all accounts used in the general ledger of an organization. The chart of accounts is used by the organizational tool that serves complete listing of the transaction for the entity financial statements and also important Read more about The Chart of accounts | Intro, Example with Explanations[…]

Difference between an Income statement and The Balance sheet

Difference between an Income statement and The Balance Sheet  

An Income statement and The balance sheet | Major differences to known The businesses have three financial statements that show business activities, revenue and expenses for an accounting period. The businesses maintain three financial statements which are named cash flow statement, Balance sheet and income statement. A cash flow statement reflects cash activities, the income Read more about Difference between an Income statement and The Balance Sheet  […]

What is a Cash Flow Statement

Preparing Cash Flow Statement | Explanations with Examples

Cash Flow Statement preparation Example with Explanation for its users ♦ What is cash flow statement? A cash flow statement is a statement which shows cash inflow and cash outflow data of the company. The report basically makes quarterly and four times in a year. Generally, publicly traded company expose their cash flow report publicly Read more about Preparing Cash Flow Statement | Explanations with Examples[…]

What is accumulated depreciation

Accumulated Depreciation meaning | Example with Explanation

How to accounts, meaning and explanation with an example to its users? Meaning of accumulated depreciation: Depreciation has many of method. An accumulated depreciation is one of them. Accumulated depreciation meaning is a stand of an accumulated depreciation is actually made up cumulative depreciation for a fixed asset up to its lifespan. In this method Read more about Accumulated Depreciation meaning | Example with Explanation[…]

Disadvantages of double entry system of accounting

Disadvantages of Double Entry System | Harmful for accounts

How can you prevent or minimize your double entry error into accounts? Every system has its own advantage and disadvantage of double entry system normally there was no exception from that situations. Every company tries to the proper recording system of every book of accounts such as assets, liabilities, revenue, and capital accordingly. Disadvantages of Read more about Disadvantages of Double Entry System | Harmful for accounts[…]

Difference between finance and accounting pdf

Difference between Finance and Accounting | haven’t ever heard

Accounting vs Finance Importance For Professionals and Students Most of the people think a subject like accounting and finance are the same thing. Whatever, there have several key differences between accounting and finance and that’s why the prospective students are confused to choose their future plan for professionalism career path. Finance vs. accounting definition: Accounting Read more about Difference between Finance and Accounting | haven’t ever heard[…]

The Difference between journal vs. ledger | Basics idea can know

Do you want to know about the difference between Journal vs. Ledger? The difference between journals and ledger is that the journal book is the entry book of all transactions and the ledger is the recording process of the journalize entry. In the double entry accounting system, every transaction has two effects and equal. One Read more about The Difference between journal vs. ledger | Basics idea can know[…]

Ledger account meaning

How to prepare ledger accounts | Example with Explanations

The Ledger accounts after the journalize entries and finally affects on balance sheet. The ledger accounts begin after journal entry. A journal entry consists of the daily business transactions but it does not give information a specific account in one place such as if the business owner knows the position of the cash balance of Read more about How to prepare ledger accounts | Example with Explanations[…]

Journal entry meaning

Journal Entry Definition | Learn the Basics Journal Entry Idea

Journal entry meaning and basics idea which you can easily understand In bookkeeping or accounting system, business transactions are firstly recorded in a journal. Definition of the journal entry is the foundation of all accounting and financial data. This is the first step of the accounting cycle and takes place of all financial transactions when Read more about Journal Entry Definition | Learn the Basics Journal Entry Idea[…]