Content 5 Current Assets: Inventory and Accounts Receivable Financial Accounting Prepaid Liabilities Order of liquidity definition Accounts Receivable Turnover Ratio Prepaid expenses are assets because they represent cash payments already made for services not yet received. This balance sheet format is called the classified balance sheet. Merchandise inventory includes all unsold stock that is ready […]

Content How do you calculate straight-line depreciation? What is the Straight Line Basis of Depreciation? Step 2: Find and Subtract Any Salvage Value From the Asset’s Cost Other Depreciation Methods Our Services What are realistic assumptions in the straight-line method of depreciation? The units of production method is based on an asset’s usage, activity, or […]

Content Why would office supplies be recorded as an immaterial expense? How are office supplies expenses computed? Office supplies are valuable, but probably not an asset Treatment of Revenue Expense NPO:: Receipts and Payments Account , Treatment of Revenue Expense and Consumables Making repayments for purchases on credit Features of Receipts and Payments Account Effective […]

Content NerdWallet’s Best Accounting Software for Amazon FBA Sellers VI. High-Volume Listing Fee Accounting for Amazon FBA Sellers (Amazon Bookkeeping) Accounting for Amazon sellers Export a Refund and a Reimbursement to QuickBooks Connect QuickBooks and Amazon Seller in Greenback Small-Business Grants: Where to Find Free Money Bookkeeping is a simple way to keep tabs on […]