Looking at our article production schedule, we have certainly been in the accounting tutorial writing mode. Accounting has been an area I've been keen to get back into, and I have enjoyed it. I am...
Month: September 2020
In accounting, a contingent asset is a possible asset the business will receive at some point. But the existence of these benefits and control over them is confirmed by future events. Contingent...
In today's accounting tutorial, the last in our series on balance day adjustments, we will define this type of income and how it fits into the conceptual accounting frameworks. We will then work...
When a business records an expense at the end of reporting period for which it has not received an invoice for nor paid we call this an accrued expense. Under the accrual accounting concept the...