Get Started for FREE
Sign up with Facebook Sign up with X
I don't have a Facebook or a X account
 Your new post is loading...
Your new post is loading...
Scoop.it!
Accounting articles include guides and answers. Accounting guides explain application of accounting principles in practice. Great assistance if you are looking for real-life accounting situations. 
No comment yet.
Sign up to comment
Scoop.it!
Answer (1 of 3): Like many things in accounting, the term amortization has different meanings in different contexts and the term is often used interchangeably with other similar concepts like depreciation.
Scoop.it!
If there were no tax benefits, would there be any advantages to accrual-basis accounting?◄Click here
Answer (1 of 2): I think there is a fundamental advantage in that accrual accounting generally does a better job of reporting the economic reality of a business's operations.
Scoop.it!
The formula for calculating the units needed to breakeven is Fixed Costs $/Contribution Margin %
|
Scoop.it!
A faceBook page operated by accountint teachers where you can post your questions, new ideas or solutions of accounting.
Scoop.it!
Answer: Most accountants might smile at this question in the same way that they might smile at the statement that "if double-entry bookkeeping is so good, why not record it three-times".
Scoop.it!
The terms 'cost' and 'expense' are commonly used words in the fields of business, economics and accounting. Most often these terms can be used interchangeably without issue. In accounting however, the terms have quite different meanings. Basically, sacrificing resources (money) to acquire products is called a cost. Using up the value of those products to generate revenue for a business is called an expense.
Scoop.it!
Answer (1 of 3): I personally think that trying to understand the debit and credit concept in accounting is near impossible when you are first confronted with it.
|
