General Journal And General Ledger Entries

For the purpose to analyze sample general ledger journal entry first let us distinguish two steps of this concept, i.e.: business transactions having an impact on the financial position of the business are first recorded in the general journal, which is one of the … [Read more...]

General Ledger Definition And Accounting

In the accounting we call ledger a group of accounts used by the business for the accounting purposes. We can find two types of ledgers: general ledger subsidiary ledger   General Ledger Coming further through General Ledger tutorial, first of all let … [Read more...]

Financial Statement Analysis

What Is Financial Analysis? Financial analysis is certain procedures and methods applied to determine the past, present and also the future status and performance of business with the aim to compare how the business performed in the past, how it performs now and use such data … [Read more...]

Fixed Asset Accounting – Disposal of Fixed Asset

Disposal of fixed asset is a sale which generates profit or loss, which is a difference between sales price and net book value at the disposal time. Fixed assets are purchased by the business not with a purpose to resell them, therefore they are being sold after some period of … [Read more...]

Property Plant & Equipment – Depreciation Methods

Here I would like to explore the essence and nature of depreciation and cover main depreciation methods. Nature & Essence Of Depreciation Depreciation is the term used in accounting to define allocation of cost of fixed assets over the years during which these … [Read more...]