Bookkeeping

Content Related to Sales Discounts and Allowances Related Definitions Company Pricing Discounts and Allowances You know that margins are the difference between the amount you pay for a product and the amount for which you can sell it. Without the correct margins, you wouldn’t make a profit—and you are in business to turn a profit. …

eCFR :: 42 CFR 413 98 Purchase discounts and allowances, and refunds of expenses. Read More »

Content Retained Earnings Explained Journalizing and Posting Closing Entries Is retained earnings a debit or credit? Retained earnings debit or credit? How To Calculate? What is retained earnings? What Is the Effect Dividend Payments Have on a Corporation\’s Balance Sheet? But retained earnings are only impacted by your company\’s net income or loss and distributions …

Rules of Debits and Credits Read More »

Content How to Calculate Monthly Accumulated Depreciation? Debit and credit journal entry for depreciation expense on fixed assets Accumulated Depreciation: Everything You Need To Know Why is Accumulated Depreciation used? Want More Helpful Articles About Running a Business? This strategy is employed to more fairly allocate depreciation expense and accumulated depreciation in years when an …

How is accumulated depreciation shown in trial balance? Read More »