Bookkeeping

What are the advantages of bonds for retirement?
What is the difference between Cost and Expense?
Depreciation vs Expensing Purchases on Income Taxes
Accumulated depreciation

Accumulated depreciation

Over the asset’s useful life, depreciation systematically moves the asset’s costs from the balance sheet to expenses on an income statement. The simplified version of these adjustments is that a special deferred tax asset will be put on the balance s...
Deferred Revenue Definition

Deferred Revenue Definition

As a result, the company adds $40,000 to the cash total on the assets side of its balance sheet. Then, in recognition of the fact that the company still has an outstanding obligation to earn that money, it adds an offsetting $40,000 under "deferred r...