Calculate Bad Debt Expense

Calculate Bad Debt Expense Overview Bad debt expense is the loss that incurs from the uncollectible accounts, in which the ...
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Audit Goodwill

Audit Goodwill Overview In an audit, goodwill refers to the intangible non-current asset that arises in the business combination when ...
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Move from Cash Basis to Accrual Basis

Move from Cash Basis to Accrual Basis Most of the small use cash basic to record their business transactions as ...
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Important of Purchase Order

Important of Purchase Order Purchase Order is the commercial documents prepared by the buyer and send to the supplier as ...
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Three Way Matching

Three-Way Matching Three-way matching is the comparison of purchase order, supplier invoice and goods received note (GRN). All these three ...
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Substantive Audit Procedures

Substantive Audit Procedures Overview Substantive audit procedures are the audit processes or methods that auditors perform to detect material misstatement ...
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Adjusted Trial balance

Adjusted Trial balance Definition Adjusted trial balance is a list that shows all general ledger accounts and their balances after ...
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Risk of Material Misstatement for Investments

Risk of Material Misstatement for Investments Overview Risk of material misstatement is a combination of inherent risk and control risk ...
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Periodic vs Perpetual Inventory System

Periodic vs Perpetual Inventory System Periodic inventory is the system in which the company does not track individual item movement ...
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Accounting for Goods in Transit

Accounting for Goods in Transit Goods in transit are the products or materials which already leaves the seller’s warehouse but ...
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Accounting for Equity Reserve

Accounting for Equity Reserve Equity reserve is the part of the equity section of the balance sheet which excludes share ...
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Audit Retained Earnings and Dividends

Audit Retained Earnings and Dividends Overview As auditors, we usually examine all relevant transactions in the audit of retained earnings ...
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