Category: Bookkeeping

Preparing A Statement Of Retained Earnings

Content How To Calculate Retained Earnings? What Is Stockholders’ Equity? Difference Between Shareholder’s Equity And Retained Earnings One of your responsibilities is creating closing entries at the end of each accounting period. Retained earnings are accumulated and tracked over the life of a company. The first figure in the retained earnings calculation is the retained

What Is The Difference Between Bookkeeping And Accounting?

A ledger is a collection of related accounts and may be called an Accounts Payable Ledger, Accounts Receivable Ledger, or a General Ledger, for example. Posting is the process by which account balances in the appropriate ledger are changed. While account balances may be recorded and computed periodically, the only time account balances are changed

SAP Accounting Software

SAP Accounting Software Some of the subjects covered in this dynamic course of study are taxation, auditing, advanced accounting curriculum, and technology and information systems. For students who have the prerequisites under their belt, this 30 credit hour program should take one year to complete. Those without prior experience are invited to kick off the

Total Assets: Definition & Explanation

Total Assets: Definition & Explanation You would debit inventory because it is an asset account that increases in this transaction and accounts payable is credited to a liability account that increases because the inventory was purchased on credit. You would debit accounts payable because you paid the bill, so the account decreases. Cash is