Category Archives: Bookkeeping

What Is The Journal Entry For Direct Labor?

Content Accrual Summary Entry Answer And Explanation: Journal Entry To Move Work In Process Costs Into Finished Goods Is Indirect Labor Overhead? Related Questions Chapter 4 Job Costing In accounting and financial terminology, the nonmanufacturing costs include Selling, General and Administrative (SG&A) expenses, and Interest Expense. Since accounting principles do not consider these expenses as […]

What Is Cash Basis Accounting Vs Accrual Accounting?

Content Differences Between Sales Budget & Cash Receipt Schedules What Is Cash Basis Method Of Accounting? Diagram Comparing Accrual And Cash Accounting The modified cash basis is a hybrid method such combines features of both the cash basis and the accrual basis. Modifications to the cash basis accounting include such items as the capitalization of […]

Why Is Accounting Important For The Start Up Of A Business?

Content Using Accounting Data For Budgeting The Advantages Of Using Accounting In Business Benefits Of Studying Accounting Careers In Accounting Information Systems: A Guide Careers In Accounting Who Handles Your Companys Accounting? Business bank accounts typically charge more than personal accounts and often have a higher minimum balance. Check these numbers before committing to a […]

What Is An Unqualified Opinion?

Content Unqualified Opinion Definition What Is An Unqualified Opinion Of Auditors? More Definitions Of Unqualified Opinion How To Prepare An Audit Report First Possible Auditor Opinionunqualified Opinion Opinion Shopping 1 “Taken as a whole” applies equally to a complete set of financial statements and to an individual financial statement with appropriate disclosures. If the audit […]

Changes In Other Current Liabilities

Content Equity What Are Some Current Liabilities Listed On A Balance Sheet? Current Liabilities On The Balance Sheet Free Accounting Courses Income Taxes Payable Example Of Current Liabilities Non-current liabilities, also known as long-term liabilities, are debts or obligations due in over a year’s time. Long-term liabilities are an important part of a company’s long-term […]

What Is Quickbooks Desktop Pro & How To Do Businesses Using It?

Content Quickbooks Online Vs Quickbooks Desktop: Reporting Options Product Track Mileage What Does Quickbooks Mean? This means that QuickBooks Desktop users are limited to one hosting provider – the computer on which the software is installed – or just a few licensed computers. QuickBooks Online can be accessed from any internet-connected device, including a mobile […]

Traceable Flow Method In Determination Of Congestion Cost Assignment In Open Access Power System Network

Content Traceable Fixed Costs What Is The Difference Between Traceable Costs And Common Costs? Provide Examples How Do You Find Traceable Fixed Manufacturing Overhead? Direct Costs What Is Direct Cost Accounting? Examples of direct costs include direct materials, direct labor, and other costs incurred for a particular product such as advertising and promotion costs for, […]

Recording Accounting Transactions

Content The General Ledger The Accrual Method Quiz & Worksheet General Ledger Reconciliation Process Ledgers Reveal Account Balances And History What Are The 2 Parts Of An Account Number? Familiarizing Yourself With Accounting Basics A separate ledger containing only one type of account is called a subsidiary ledger. A subsidiary ledger containing only creditors’ accounts […]