Bad debt
Sales returns is a contra revenue account as the figure is a negative amount net against total sales revenue. It would appear on the company's income statement in the revenue section. Depreciation, amortization, and depletion are expensed throughout ...
Using QuickBooks Desktop for Contractors to Serve Niche Construction Clients
Construction accounting is a form of project accounting in which costs are assigned to specific contracts. When the amount billed on a construction project is greater than the cost incurred, the difference is treated as a liability of the contractor...
Consolidated Balance Sheet
The decision to file consolidated financial statements with subsidiaries is usually made on a year to year basis and often chosen because of tax or other advantages that arise. The criteria for filing a consolidated financial statement with subsidiar...