Blog Posts - Accounting Basics



How to Calculate a Missing Amount within Owner’s Equity?

The income statement for the calendar year 2010 will explain a portion of the change in the owner’s equity between the balance sheets of December 31, 2009 and December 31, 2010. The other items that account for the chan...

Go beyond current ratio to determine liquidity

Accounting Basics and Mechanics – Working capital and Liquidity Measurements            Liquidity refers to an entities capability to hold sufficient cash reserves to pay any or all of its current liabilities. In essence it is the capacit...
by business success on Sep 11, 2010

Accounting basics definitions

Basic Accounting Model: Assets = Liabilities + Owners EquityAssets: The following are examples of items classified as assets:· Cash· Notes Receivable· Accounts Receivable· Prepaid Expenses· Land· Buildings· Equipment, Furniture and FixturesLia...
by accounting learner on Mar 23, 2007

Accounting basics definitions

Basic Accounting Model: Assets = Liabilities + Owners EquityAssets: The following are examples of items classified as assets:· Cash· Notes Receivable· Accounts Receivable· Prepaid Expenses· Land· Buildings· Equipment, Furniture and FixturesLia...
by accounting learner on Mar 23, 2007


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