Expert insights and detailed technical documentation about Education.
The net income approach assumes that change in the degree of leverage will alter the overall cost of capital (WACC) and hence the value of the firm. Where...
Advance payments are amounts paid before a good or service is actually received. Advance payments are recorded as assets on a company’s balance sheet. As ...
For the United Kingdom, sites like unistats.ac.uk estimate average incomes for Egyptologists to be between £23,000 (after 6 months) and £30,000 after 3 ye...
A ledger is a list of accounts and their balances at a given time. What is a list of all ledger accounts and their balances? Question: A list of all ledge...
A bank reconciliation is used to compare your records to those of your bank, to see if there are any differences between these two sets of records for you...
(Figure)How do revenues and expenses affect the accounting equation? Assets = Liabilities + Equity; Revenues increase equity, while expenses decrease equi...
In short, yes—cash is a current asset and is the first line-item on a company’s balance sheet. Cash is the most liquid type of asset. Why is cash a liabil...
Based on the financial reports it enables the business to measure its efficiency and profitability and provides a way of determining the relationship betw...
To record depletion, debit a Depletion account and credit an Accumulated Depletion account, which is a contra account to the natural resource asset accoun...
A skilled trade is any occupation that requires a particular skill set, knowledge, or ability….Construction Skilled Trades Carpenter. Electrician. Plumber...
Interest expense is a nonoperating expense when it is not part of a company’s main operations. By reporting interest expense as a nonoperating expense, it...
Inventory. This is a very common adjustment. The cost of sales consists of opening inventory plus purchases, minus closing inventory. The closing inventor...
