Adam Hill started accounting and trading back in 2007. He has achieved quite a lot of success. Now he decided to open his blog. Here he publishes articles on accounting. For any questions of interest, please contact us by e-mail: admin-hill@online-accounting.net
The credit shifts to the accounts payable account when the lender sends an invoice for the expense. Finally, you debit to accounts payable and credit to cash when the interest expense is paid....
Your benefits, like retirement income, compensation, and benefits, are the result of a multitude of factors. Generally, you will receive better benefits and broader coverage under an employer-sponsored benefits plan than under individual plans on the...
A company's market value of equity is therefore always changing as these two input variables change. It is used to measure a company's size and helps investors diversify their investments across companies of different sizes and different levels of ri...
The faster your inventory sells, the quicker you recoup your purchase costs and earn a profit. The inventory turnover ratio and the average of inventory tell you how fast your inventory sells and the average amount of inventory you keep on hand. An u...
If she uses average cost, her costs are 22 ( (10+10+12+12)/4 x 2). Thus, her profit for accounting and tax purposes may be 20, 18, or 16, depending on her inventory method. Cost of goods sold, often abbreviated COGS, is a managerial calculation that ...