learn the basics to advance accounting include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows, and more
What is Stock in Accounting? Stock Definition: The quantity of unsold commodities held by the organization is referred to as stock. Or The definition of stock in accounting is “the […]
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Liquidity Ratios What are Liquidity Ratios? Liquidity Ratios are used to assess a company’s capacity to fulfil its short-term obligations. They compare short-term responsibilities to short-term (or current) resources available
Features of Limited Liability Companies The following are the distinguishing characteristics that set a limited liability company apart from other business entities. Separate Legal Entity In contrast to sole proprietorship
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Generally Accepted Accounting Principles (GAAP) Generally Accepted Accounting Principles (GAAP) are the ‘ground rules,’ which are the principles for preparing financial statements. These are always changing. These include accounting ideas,
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Working Capital Definition of Working Capital: The word working capital refers to the amount of capital that a company has readily available. That is, working capital is the difference between
