Cost Principle: Explanation and Pros and Cons
In other words, according to this principle, we do not record transactions based on what we “think” they are worth. We base our values on financial transaction evidence and record the original cost. For instance, Casey's company purchased an office f...
How to Prepare for Tax Season
When you do your tax returns yourself or have someone do them for you, it is always helpful to be as organized as possible in gathering together all of your relevant info materials and organizing your documents. The more organized you are, the easier...
Who is a Bookkeeper?
Every qualified bookkeeping specialist usually has a number of job responsibilities, which include:...