Accounting Guidelines for Contingent Liabilities

 Posted on Posted on: 06.05.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on Accounting Guidelines for Contingent Liabilities

Consequently, a lawyer may not be able to form a conclusion with respect to such matters. In such circumstances, the auditor ordinarily will conclude that the financial statements are affected by an uncertainty concerning the outcome of a future even…

What Is the Present Value of Annuity?

 Posted on Posted on: 06.05.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on What Is the Present Value of Annuity?

One of the big selling points for a fixed annuity is that it is actually an insurance contract, and as such, it is based upon guarantees made by the insurance company. A big part of an annuity is a guarantee that you will continue to receive an incom…

What does an accountant do?

 Posted on Posted on: 06.05.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on What does an accountant do?

Certain accounting positions require on-the-job travel time while others require little or no travel. External auditors often travel frequently due to the number of clients they serve and the various geographical locations of those clients. Internal …

Summary Journal Entries Introduction

 Posted on Posted on: 05.05.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on Summary Journal Entries Introduction

If the Income Summary has a debit balance, the amount is the company’s net loss. The Income Summary will be closed with a credit for that amount and a debit to Retained Earnings or the owner’s capital account….

Md. Cracking Down On Toll Jumpers Going Through E-Z Lanes With No Pass — CBS Baltimore

 Posted on Posted on: 05.05.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on Md. Cracking Down On Toll Jumpers Going Through E-Z Lanes With No Pass — CBS Baltimore

When your account reaches the low balance threshold, you may see a yellow light while driving through the toll lanes. That night, we will process a payment equal to your replenishment amount….

Accountant job description

 Posted on Posted on: 05.05.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on Accountant job description

In cash-basis accounting, cash earnings include checks, credit-card receipts, or any other form of revenue from customers. GAAP is a common set of accounting principles, standards, and procedures that public companies in the U.S. must follow when the…

Difference Between Share Capital and Share Premium

 Posted on Posted on: 05.05.2020 Modified on: 11.01.2022Categories Bookkeeping 101  Leave a comment on Difference Between Share Capital and Share Premium

The premium on common stock is the difference between the par value of a share of stock and the price at which a business sells the share to investors. Par value is the face value printed on a stock certificate; it is usually quite small, with $0.01 …