Journal Entries for Accounts Payable Account
Have you ever wondered how the bookkeepers from a bookkeeping firm in Singapore record…
Which is the Most Important Financial Statement?
The cash flow statement, income statement and balance sheet are essential financial statements…
What are the Differences Between a Trial Balance and a General Ledger?
Have you ever feel confused between trial balance and general ledger? A trial balance is a…
Understanding Correcting Entries
The accountants would use correcting entries as journal entries that help in correcting a wrong…
Procedures of Asset Impairment
Asset impairment means that the usability of a fixed asset has experienced a sudden decrease…
Accounting for Expenses
When the accountants are dealing with the accounting tasks related to expenses, they need to…
Accounting for Intangible Asset
As an asset which is not solid, a company may consume an intangible asset throughout more than an…
Differences Between Financial Accounting and Cost Accounting
Business owners should be quite familiar with the term financial accounting, but some of them may wonder…
How Do Accountants Carry Out the Accounting Process?
Have you ever wondered how the accountants carry out the accounting processes? As a business owner…
Ways to Alleviate Business Tax Risks
What are business tax risks? In short, business tax risks arise when the amount of tax that a firm pays…