– unadjusted is a list of accounts and balances prepared before accounting adjustments are recorded and posted. Whereas, adjusted is a list of accounts an...

There are three major areas of accounting: Financial Accounting: Financial accounting is where accounting deals with external parties interested in the bu...

Net purchases is defined as the gross amount of purchases made, less deductions for purchase discounts, returns, and allowances. How do you find purchases...

A debit note is issued by the customer or buyer of the goods to the supplier or the seller of the goods whereas a credit note is issued by the supplier or...

Supply and demand, company financial performance and broad economic trends are three factors that affect the market value of stocks. What causes a decreas...

Under the cash basis of accounting, you should record a commission when it is paid, so there is a credit to the cash account and a debit to the commission...

Financial statements provide a snapshot of a corporation’s financial health, giving insight into its performance, operations, and cash flow. Financial sta...

When you receive an invoice, the amount of money you owe increases (accounts payable). Since liabilities are increased by credits, you will credit the acc...

In no event will Oxfam GB be liable for any damages including, without limitation, indirect or consequential damages, or any damages whatsoever arising fr...

Here are five things you can’t do with a spreadsheet. View a chronological record of every interaction. A spreadsheet can tell you when you first contacte...