Bookkeeping

Are credit sales an asset or liability?

Are credit sales an asset or liability?

The accrual basis of the statements means credit and not-yet-received accounts receivable must be removed from the accounts receivable column to extract cash sales from the statement. Cash sales may be calculated from balance sheets, income statement...
Car Affordability Calculator: How Much Car Can I Afford?
What is Net Cash Flow?

What is Net Cash Flow?

Apparently, both companies chose to return cash to owners by repurchasing stock. A section of the statement of cash flows that includes cash activities related to net income, such as cash receipts from sales revenue and cash payments for merchandise....
How are fully depreciated assets reported on the balance sheet?
What Are Nonprofit Net Assets and Balance Sheet?