In today's accounting tutorial, we look into how a discount can arise on a bonds payable issuance and, in particular, the calculations and journal entry. We will cover what these bonds are used for,...
Category: Accounting Tutorials
In our accounting tutorial we work through an example of the impact of debentures in the trial balance and financial accounts.
The other day we looked at debentures and, in particular, working through an example and how it flowed through the trial balance and into the financial statements. In working on that article for our...
The type of account and normal balance of prepaid insurance is a current asset and debit respectively. In this accounting tutorial we work through an example with journal entries and a full...
Accrued revenue adjusting entry; a debit to current assets and a credit to revenue. Read more with a worked example and journal entries to follow through.
In today's accounting tutorial, we look at the difference between gross fixed assets and net fixed assets and why this is important.If you are in a hurry, the only difference between the two is...