Accounting assumptions state how a business is organized & how business transactions are recorded. Understand 10 basic accounting assumptions as the basis of bookkeeping your business.
Accounts Receivables is an amount that a company is entitled to receive from its customers for goods or services sold on credit. Accounts receivables are also known as debtors and bills receivables.Read More
There two primary accounting methods – Cash accounting and Accrual accounting, that a business a choose and apply. Each method impacts differently on how the business financials are measured.Read More
Consolidated financial statements also known as CFS, presents the financial position and results of operations for a parent and one or more subsidiaries as if they were a single company.Read More
Accounts payable is any sum of money owed by a business to its suppliers shown as a liability on a company's balance sheet.Read More
A consolidated balance sheet is a financial statement that shows the financial position of a parent company and its subsidiary companies.Read More