Working with the current ratio helps you understand the financial health of a business better, but only if you avoid these common mistakes. This ratio is specific to businesses that…

Since accrued expenses represent a company’s obligation to make future cash payments, they are shown on a company’s balance sheet as current liabilities. This could involve dedicated accounting software or…

In accounting, there are multiple types of accounts classified as assets, liabilities, equity, revenues or expenses. Further than that, accounts can be considered a permanent account or a temporary account.…

If you need a refresher course on this topic you can view our bookkeeping basics tutorials here. Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board…

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Accrual is a principle that attempts to match revenues with the expenses incurred in earning them. It forms the basis of the accrual method of accounting and adjusting financial statements.…