Fawnmag Accounting ScienceFawnmag Accounting Science

HomeAccounts Receivable General Ledger Label

Accounts Receivable General Ledger Label

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T Account ExampleT Account Example

Accounting / July 31, 2018 / Ariyah Lang

For example, assume ABC Corp has a return on investment of $1,000,000, an interest expense of $2,000,000 and average earning assets of $10,000,000. ABC Corp's net interest margin would then...

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Working Capital ExampleWorking Capital Example

Accounting / August 3, 2018 / Ariyah Lang

Business financial statements use the terms "sales" and "receipts" in their reporting, depending on the type of statement and the accounting system of the business. While the terms sound similar,...

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Accounting / August 3, 2018 / Khloe Santiago

The legal form of a capital lease is that the business never owns the asset, however because under a capital lease the rights and risks of ownership are transferred to...

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Pro Forma Financial StatementsPro Forma Financial Statements

Accounting / August 3, 2018 / Willow Mccoy

In this situation your choices are few – either break your lease early, or risk having your belongings tossed out on the street. There are a number of consequences you...

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Accounting / August 3, 2018 / Pearl Bailey

If the stock does poorly, however, the investor won’t be able to convert the security to stock and will only have the yield to show for his or her investment....

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Recognition ExamplesRecognition Examples

Accounting / August 3, 2018 / Sharon Hardin

Both the debit and credit columns are calculated at the bottom of a trial balance. As with the accounting equation, these debit and credit totals must always be equal. If...

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Accounting / August 3, 2018 / Collins Barber

Comparing transactions and balances is important because it avoids overdrafts on cash accounts, catches fraudulent or overcharged credit card transactions, explains timing differences, and highlights other negative activity such as...

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Accounting / August 3, 2018 / Holly Mercer

The cash flow statement is one of the three main financial statements that show the state of a company's financial health, the other two being the balance sheet and income...

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