The Balance Sheet is one of the most valuable parts of the financial statement. Balance Sheet reports and presents three main financial statements including Assets, Liabilities, and (Equity) Capital of the entity. It depicts the financial position of the business on a particular date. It is normally presented in two columns by showing the current […]
What are the Advantages of the Balance Sheet? Explained Read More »
Overview: Financial statements auditing is normally performed by an independent and qualified audit firm or company. Audit firms are normally led by audit partners who are certified, public accountants. Financial statements normally must be audited annually and reported to the board of directors and other related users. The entity prepares its financial statements by complying
Fundamental Processes in an Audit of Financial Statements You Should Know Read More »
Overview: Vacations normally go more smoothly when you have made good reservations and also researched your destination. Purchasing a car is simpler when you have done all your homework on the car model and also made some early inquiries to line up the financing. It is a fact of life that in several processes of
ADVANTAGES AND DISADVANTAGES OF AUDIT PLANNING Read More »
What is Auditing? Auditing refers to the examination and assessment of accounting records and other related statements by an independent examination auditor. This financial certainty would assist the stakeholders to know clearly about the assertion of financial statements that they are using. Auditing will be carried out in both the public and corporate sectors. It
ADVANTAGES AND DISADVANTAGES OF AUDIT PROCEDURE Read More »
As a trader, the biggest challenge is to keep you updated with the forex trading strategies and Forex Books can provide you with successful trading strategies. In this book, we will share our pick of the top 10 Best Forex Trading Books. Let’s get started. Forex Trading: The Basics Explained in Simple Terms by Jim
10 Best Forex Trading Books (2022 Update) Read More »
Bitcoin is the most valuable cryptocurrency in the world and it was invented in 2009. Cryptocurrencies are one of the best ways to make profits and in this guide, we will share our pick of the top 10 best bitcoin books which will help you to understand Bitcoin in more detail. These top ten best-selling
11 Best Bitcoin Books – Recommended by Readers (2023) Read More »
Retirement Planning is a very important topic and there are more than 5000 books available on Amazon. In this guide, we will share our pick of the top 9 best Retirement Planning Books which will help you to plan your future accordingly and utilize the resources wisely. 1) The Retirement Maze by Robert Pascale The
9 Retirement Planning Books Recommended by Reader (2023) Read More »
Banking is one of the most fundamental sections of any economy. It facilitates everything from very simple purchases to complex investments like real estate. But the banking industry is quite easy to understand if you have the right guidelines. With that in mind, I was able to compile a list of the 10 Best Banking
10 Best Banking Books You Should Know (Selected in 2023) Read More »
Overview: Entity purchases goods or renders services to run its business every day, and some of those purchasing transactions are on credit while others maybe pay by cash immediately—most of the purchases including raw materials, offices supplies as well as fixed assets. All of these purchasing needs to records in the entity’s accounting system so
Accounting for Credit And Cash Purchase Transactions (Explained With Journal Entries) Read More »
Overview: A purchase journal is a special journal that uses to record all of the transactions related to purchases on credit. This special journal is prepared for reducing the large of transactions in the general journals. And it is normally prepared only if the entity has a lot of purchases on credit transactions. If there
What is a Purchase Journal? Example, Journal Entries, and Explained Read More »
