admin

Business transactions are the activities which will bring the monetary impact of a company’s financial statements. When the accountants from an accounting firm in Johor Bahru are managing the accounting-related tasks for such transactions, they will record the sums in two different accounts. For each account, the left will be the debit column while the … Read moreAccounting – Debits and Credits

In terms of financial accounting (Also see Lesson for Financial Accounting), a non-current asset is an asset which you do not expect to consume it in a year. If a firm possesses a higher proportion of non-current assets when compared to its current assets, this may indicate that the firm has poor liquidity, as it … Read moreGuide to Non-current Asset

Financial accounting is a subdivision of accounting which records, summaries, and reports numerous transactions as a company operates throughout a time frame. The company should summarise these transactions as it prepares financial statements, which includes cash flow statement, income statement, as well as balance sheet, that record the operating performance of its business throughout a … Read moreLesson for Financial Accounting

The capital account of a company indicates the amount the company owes to its stakeholders. In accounting and bookkeeping, the capital account is one of the ledger accounts (Also see Capital Budgeting in Business Investments). One can use it to document the sum that the investors have paid to the company, the company’s profit throughout … Read moreIntroduction to Capital Account

In fair value accounting, people would use current market values (Also see Are Market Value and Book Value the Same?) to recognize certain liabilities and assets. Fair value is defined as the predicted price that one can sell an asset or settle a liability to a third party in an orderly transaction based on current conditions of … Read moreIntroduction to Fair Value Accounting