Sep 23 2008
Come to love that accounting equation
A company’s financial position or the amount of resources they have, and also the claims against these valuable resources at any time. Claims may also be referred to as equities. So can a company be known as a combination of economic resources and shares. Economic Resource = Equities. No mater what type of business you [...]
Sep 22 2008
Follow the magic accounting rules
Follow the magic accounting rules
To ensure that accounts are easy to understand, there are a number of rules and practices is established, which is known as the Generally Accepted Accounting Principles (GAAP). This was designed to provide a guideline for the rules of accounting, because I think it is fair to say that it can [...]
