In particular, during these difficult times, a question we see coming up is how should accrued income from rent be treated? This article will look at the accounting entries and discuss some of the...

When starting out in your accounting studies some of the earliest material to be covered is that concerning accounting principles. These are the fundamental understandings or agreements in the field...

Debt free affirmations can be of real help to some as they strive to achieve the important goal of becoming debt free in their financial journey.

A regular question from new clients is do you pay tax on drawings? The simple answer, for most tax jurisdictions, is no. No income tax is due.

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...

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...