Bookkeeping

IAS 38 — Intangible Assets

IAS 38 — Intangible Assets

Oct 9, 2020 Bookkeeping by Adam Hill
Some of the examples of real assets are machinery, commodities, inventories, buildings, land, and real estate. When high dollar value items are capitalized, expenses are effectively smoothed out over multiple periods. This allows a company to not pre...
10 Things Singapore Is Famous For

10 Things Singapore Is Famous For

Oct 8, 2020 Bookkeeping by Adam Hill
In 2016, Singapore students topped both the Program International Student Assessment (PISA) and the Trends in International Mathematics and Science Study (TIMSS). In the 2016 EF English Proficiency Index taken in 72 countries, Singapore place 6th and...
Unearned Revenue

Unearned Revenue

Oct 8, 2020 Bookkeeping by Adam Hill
These accounts normally have credit balances that are increased with a credit entry. A company's revenue usually includes income from both cash and credit sales. The cost of goods is then deducted from the net sales to figure out the gross profit....
Why You Should Pay Your Employees Every Week
Selling expense

Selling expense

Oct 7, 2020 Bookkeeping by Adam Hill
General and administrative expenses are all the expenses not associated with selling and not associated with making the product. These expenses include the overhead to run the main office, marketing, executive and support staff, and any distribution ...