Accounting articles

Bookkeeping Training Programs

The equity accounts include all the claims the owners have against the company. The business owner has an investment, and it may be the only investment in the firm. If the firm has taken on other investors, that is reflected here. The chart of accoun... Read more

Post Closing Trial Balance Definition

Hence, Companies use this tool to ensure that all debit balances are equal to the total of all credit balances after an accountant passes closing entries. Temporary accounts are accounts that are closed at the end of each accounting period, and inclu... Read more

Top 10 Best 1800 Accountant In New York, Ny

The Rideshare Guy may be compensated if consumers choose to utilize the links located throughout the content on this site and generate sales for the said merchant. As an Amazon Associate I earn from qualifying purchases. Whether you have been driving... Read more

Social Roles and Social Norms

Social Roles and Social NormsThe study was based on the debate over whether fox hunting should or should not be banned. The study involved two separate sessions where the participants completed a pre-test and were assigned to the pro- or anti- huntin... Read more

Adjusted balance Definition

Adjusted balance DefinitionFor example, if there were 12 general journal entries that involved cash, there should be 12 general ledger entries that involve cash. The final value for the general ledger is the amount that is included in the trial balan... Read more

Depreciation Definition

Depreciation DefinitionThe journal entry for this depreciation consists of a debit to depreciation expense, which flows through to the income statement, and a credit to accumulated depreciation, which is reported on the balance sheet. Accumulated dep... Read more