Category: Bookkeeping
Working Capital: The Definition & Formula
Hong Lam August 8,2023
Working capital is calculated by taking a company’s current assets and deducting current liabilities. For instance, if a company has current assets of $100,000 and current liabilities of $80,000, then its working capital would be $20,000. Common examples of current assets include cash, accounts receivable, and inventory. Examples of current liabilities include accounts payable, short-term
Read more...Original research: Comparative safety of percutaneous ventricular assist device and intra-aortic balloon pump in acute myocardial infarction-induced cardiogenic shock PMC
Hong Lam February 21,2022
Content Complete the below table to calculate the price of a $2.0 million bond issue under each of the… Formulas Financial Performance Pooled analysis of overall studies Is Ordinary Annuity better in comparison to Annuity Due? One can use present value/future value calculations because a series of annuities’ due payments reflects several future cash inflows
Read more...What is Partnership Accounting?
Hong Lam November 17,2021
Content Forms of Business Structure What Are the Differences in Income Statements for Proprietorship and a Partnership? Unequal partners Dissolving a partnership – No capital deficits Treatment of Goodwill in Partnership This journal entry records your new investment in the partnership. Even though you paid $1,000 for a 25% interest in the partnership, the business didn’t
Read more...Bookkeeping Software for Small Business
Hong Lam January 20,2021
Content Wave Accounting Brilliant bookkeeping software that fuels 5.9 million businesses around the world SEO for Accountants Send and track your invoices Limited Company Pro Here are some considerations for choosing the best accounting software for your small business. Accounting software offers many important advantages for small business and individuals alike. By streamlining data entry
Read more...GAAP: What Are Generally Accepted Accounting Principles?
Hong Lam September 15,2020
This was all about the topic of the Objectivity concept of accounting, which is an important topic of Accountancy for Commerce students. Just as a doctor will feel the pulse of his patient and know whether he is enjoying good health or not, in the same way by looking at the Balance Sheet one will
Read more...21 Accounting Interview Questions to Ask
Hong Lam June 22,2020
Contents: Questions To Evaluate Bookkeeping Knowledge and Expertise Bookkeeper Interview Questions All Business Owners Should Ask #2 How much experience does my offshore bookkeeping team have? Question 4: ‘What do you do if a bank reconciliation is off by a very small amount?’ Remember, you need to be sure a candidate is a good fit
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