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What are Trade Receivables and Non-trade Receivables?
Trade receivables are the amounts that a company will bill to its clients when it provides goods or services to
Accounting – Preparation of Balance Sheet
The balance sheet is one of the three financial statements, other than the income statement and statement of cash flows
Understanding Drawing Accounts
Typically, the businesses which are in the form of sole proprietorship or partnership will use the drawing account. It is
Procedures in a Supplier Audit
For organisations which are getting more reliant on the products and services of their suppliers or outsource more and more
What are Other Current Assets?
As a business owner, you have various types of assets in your company. One of the vital assets is current
Financial Accounting -- Basic Principles, Conventions, and Assumptions
Financial accounting depends on a few basic concepts (Also see Common Concepts in Accounting) which possess notable effects on the
Introduction to Audit Strategy
Some people may think that conducting an audit is nothing more than checking whether the company has prepared its financial
What Are Accounts Receivables and Bad Debts?
Imagine that you are buying something from a shop, for example, books. You can visualize that you are stopping at
Common Concepts in Accounting
If you operate a company in Johor Bahru, despite the scale of your business, accounting services are crucial for you
Where Should You Record the Accruals on Your Balance Sheet?
When you are running a business, there are some occasions where you may need to accrue your revenue or expense.
How Should You Categorise the Expenses for Advertising?
Besides engaging an accounting firm in Johor Bahru to manage your accounting-related tasks, as a business owner, you should not
A Checklist for Ways to Assess Internal Controls
Internal controls refer to the protections that secure the financial information and business operations of a company. Typically, it is