Twelve Tips for Interpreting Accounts of a Charity Twelve Tips for Interpreting Accounts of a Charity A charity is an organization that has to benefit the public. It can be a charity educating the underprivileged, removing poverty, or helping with health issues. Overall, it has to establish for the public benefit. […]
The types of journals in accounting The general journal does not form part of the double-entry system. It is used as a guide to help ledger accounting staff to do their postings. New start-ups and other small business owners will not be able to progress in their businesses if they do […]
Capital revenue expenditure in accounts .What is capital expenditure? The purchase of capital items like machinery, land & buildings, furniture, fixture, and motor vehicles to use in the business either in the long run or for one or two years. The expenses incurred in this way are called capital expenses. Capital […]
Final accounts of sole trader 2 What is a balance sheet? The balance sheet is not an account but a financial statement grouping and listing industrial properties, liabilities, current assets, assets, and capital on a specified date. It refers to the net worth or the financial position of the company. It […]