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Capital and revenue expenditure
Capital and revenue expenditure When a business starting from scratch might have a small amount of cash in the bank account of the company. However, while trading, the business might…
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What is the budget for a business?
What is the budget for a business? A budget is used to measure the financial strength of your business; the result could be in three ways. Surplus : Earned profits…
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Twelve Tips for Interpreting Accounts of a charity
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…
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The types of journals in accounting
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…
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Capital revenue expenditure in accounts
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…
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Final accounts of sole trader 2
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,…
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