Financial Accounting

Unearned Revenue Journal Entry

Unearned Revenue Journal Entry Overview Unearned revenue is the money that the company receives in advance for the goods or ...
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Accounting for Consignment Inventory

Accounting for Consignment Inventory Consignment inventory is the way that consignor allows the consignee to sell the inventory without paying ...
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How to Account for Land Improvements?

How to Account for Land Improvements? Land improvement is the additional spending which the company paid to increase the land’s ...
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Permanent Current Assets

Permanent Current Assets Permanent Current Assets is the minimum level of current assets which the company needs to operate. The ...
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Functional Currency

Functional Currency Functional Currency is the main currency use by the company, it is the currency that represents the company’s ...
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Bad Debt Recovery

Bad Debt Recovery Overview The company usually write off the receivable of a customer’s account when it is deemed to ...
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Write Off Accounts Receivable

Write Off Accounts Receivable Overview The company may use many methods, such as sending letters, making calls, and taking legal ...
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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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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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