The value and risk associated with corporate bonds depend in large part on the financial outlook and reputation of the company issuing the bond. Corporate bonds’ safety varies a lot, depending on the company’s credit ratings. Companies with excellent...
Accounts receivable clerks can work for public, private, or nonprofit organizations. Most are employed full-time, yet one-quarter of accounts receivable clerks work longer than 40 hour weeks. Accounts receivable clerks usually work independently in a...
When a bond has an interest rate that's higher than prevailing rates in the bond market, it will typically trade at a price higher than its face value. Such a bond is said to trade at a premium, and the tax laws allow you to amortize the bond's premi...
For example, if you ignored the accrual principle, you would record an expense only when you paid for it, which might incorporate a lengthy delay caused by the payment terms for the associated supplier invoice. Matching Principle is the accounting pr...
Another item that requires an adjustment is interest earned. Interest is automatically deposited into a bank account after a certain period of time....