Introduction to Financial Accounting

If a person or group of persons and the establishment of the project, the main objective of this project will be the establishment of profit, and even being sure of achieving this...

Questions on the financial lists

What are the financial statements to be prepared at the end of the financial period, and what is the goal of the preparation?The income list:through this list, users can find out t...

Questions on the Non current Assets

What is the circulating assets of others? With examples?20/22 split third-party assets into two parts:Fixed Assets: assets that are purchased to be used for several accounting peri...

Questions on the accounts of debtors

What is the expense of the debtors?Account is created when the company sell-term on the account, so as to give the company some clients deadline or a grace period for payment of th...

Questions on the operations of the goods

What is the difference between the accounts of the service companies and commercial companies?The difference between commercial firms andcomparative service service companies busin...

What is cash accounting and how does it work?

Cash accounting is an accounting methodology whereby revenue is recognized when cash is received and expenses are recognized when cash is paid
What is cash accounting and how does it work? Cash accounting is an accounting methodology whereby revenue is recognized when cash is received and expenses are recognized...

What are petty cash? How do you manage it?

Petty cash refers to the fund of money set aside for small daily office business expenses
What are petty cash? How do you manage it? Despite its importance, petty cash remains an area of company finance that gets little attention. This makes it a potential...