Do You Know What is Accounts Receivable?
Some people may feel that the relationship between accounts payables and accounts receivables is so confusing…
Does Your Company Prepare Accounts Receivable Aging Report?
As we know, cash flow is of the utmost importance to the operations of a business as a company…
Facts About Books of Account
When it comes to entrepreneurship, the first idea that comes into most people’s mind would be they would have the freedom to…
The Advantages and Disadvantages of Single-entry Bookkeeping
Apart from the double-entry bookkeeping method that most business would use, there is another…
Can You Differentiate Debt and Liability?
When you run a business, you need to carry out various activities and transactions, and you need to record them in…
Guide to Marginal Cost
Cost Marginal cost refers to the change in the sum of costs which arise when the number of units produced increase by one. In simple words…
Understanding Current Liabilities
The term “liabilities” probably sounds quite familiar to most business owners, and this term can sometimes be intimidating…
Understanding Direct Write Off Method
When companies are accounting for the debts that it can no longer collect from the customers, one of the methods that they can use is the direct write off…
Understanding Closing Entries
At the end of an accounting period, the accountants from an accounting firm in Johor Bahru will make some closing entries when they are closing the books of…
Components in Balance Sheet
As an entrepreneur who is new to the world of business, do you know that you need to generate financial statements for every accounting period? The balance…