We review what discount received means in accounting and provide journal entry examples to explain.
This accounting tutorial looks into the journal entry required to correctly account for discount allowed; a common tool used to help business liquidity and solvency.
A warranty expense journal entry is created through the accounting for a warranty provision. As part of our accounting tutorial this article provides a full explanation with examples.
The issue of trade discount and cash discount (received and allowed) can cause some confusion in accounting, in particular with what journal entry to apply. Today's short accounting tutorial will...
Spending on groceries is a significant sum for many families. We set out how you can save money on groceries with our top 10 saving tips!
This accounting tutorial covers an example journal entry when dealing with manufacturing overhead and accounts payable.