Ledger vs Journal: Understanding the Backbone of Accounting
The ledger is a book or electronic system that contains individual accounts for each asset, liability, equity, revenue, and expense. HOA Accounting It provides a […]
Month: January 2022
Prepaid Expenses Vs Accrued Expenses- Major Differences!
Common examples include rent expense for office space, utility expense for electricity and water, or salaries expense paid to employees. Businesses often incur employer payroll […]
What Are Liabilities in Business? Existing Company Debts
Bills directly influence cash outflows, representing obligations that require cash payment by a specific due date. Effective management of accounts payable helps businesses manage liquidity. […]