Browsing: Bookkeeping

Account reconciliation is an important accounting process as the entries in the general ledger may not always be accurate. For…

If you must account for an inventory in your business, you must use an accrual method of accounting for your…

Double-entry accounting is the practice where one transaction affects both sides of the accounting equation. This is used extensively in…

Your depreciation deduction is $12,500 (5% × $250,000) for 1993, 1994, and 1995. When listed property (other than passenger automobiles)…