The Accounting Equation Cover Up As a consequence, application of accounting extends to all types of financial activities including large or smaller industries. Much like an ocean is composed of a million drops and a word is made from several characters, the foundation of all accounting problems is in the accounting systems. The accounting equation… Read More

How to Decrease Retained Earnings With Debit or Credit Check out the best free and paid accounting software options next. Most of these analyses involve comparing per share to profit per share over a specific period, or they compare the amount of capital retained to the change in share price during that time. Both… Read More

Accrued expenses — AccountingTools Such meticulous accountability means that the recording procedure must adhere to accounting’s double entry principle. That is, a record of an accrued liability must appear on the balance sheet. Also, a record of the accrued assets must be evident on the balance sheet and income statement. In this case, it’s… Read More