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...
Category: Tutorials
Over the last few weeks, we have been focusing on accounting tutorials around balance day adjustments, particularly accrued revenue. As part of that, we looked at unbilled rental income. And it's...
The accounting for depreciation provides a number of challenges for the accounting student. These include the available methods, ensuring calculations are correct, and dealing with journal entries...
The normal balance of unearned revenue is a credit, being a liability on the balance sheet. We work through an example with journal entries and explanations.
Unbilled revenue is an important part of the balance day adjustments process for financial reporting. Our article works through examples with journal entries to help explain.
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...