Accrued Rent Income – Example With Journal Entries
A question we see coming up, in particular during these difficult times, is how should accrued income from rent be treated? In this article we will have a look at … Read More
The Accounting and Finance Community
A question we see coming up, in particular during these difficult times, is how should accrued income from rent be treated? In this article we will have a look at … Read More
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 … Read More
In my experience as a Chartered Accountant over the past 20 years, one of the areas that causes the greatest confusion for new clients is drawings. In particular the question … Read More
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 to be confirmed … Read More
Accrued revenue is the recognition of income by the business that has not yet been billed, invoiced, or money received. In today’s accounting tutorial, the last in our series on … Read More
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 … Read More
Today’s accounting tutorial is going to look at prepayments, which occur when an expense or income is paid or received before contract obligations are fulfilled. This tutorial will be looking … Read More