Stockholder’s Equity: Basics and Ways to Increase It
In the Balance sheet, this difference is expressed as follows: a separate section of the Balance sheet with the same name is allocated for equity capital, while borrowed capital is reflected as part of the company's short-term and long-term liabiliti...
Meaning and Examples of Long-Term Liabilities
Long-term liabilities mean obligations before other individuals and entities that a business has at least a year to fulfill. These can be, for instance, estimated liabilities, loans, deferred tax payments, various kinds of debts....
Payroll Accounting
Now that we have broken down the actual payroll process, it is time to take a little closer look at payroll accounting. As you will see in a moment, the journal entries required for payroll accounting are very simple. What matters is that you do all ...