Accounting

Equity refers to the ownership of an asset (Also see Understanding Asset Conversion Cycle) or a business. In the case of a business, equity means that one has the ownership right in that company. Equity cannot be traded freely in the open market. Contrarily, shares are the part of the equity that can be measured … Read moreCan You Distinguish Equity and Shares?

Capital expenditure refers to the expenses (Also see How to Track the Expenses and the Benefits It Brings to Your Business) that a company has spent on the purchase of assets in a particular period of time. To calculate this, the accountants from an accounting firm in Johor Bahru will sum up the net increase … Read moreAn Overview of Capital Expenditure

Many of you may have a dream of becoming an entrepreneur and start running your own business. Before deciding on the accounting firm in Johor Bahru that you want to hire to help you with your accounting-related tasks, you need to raise funds for your business first. However, do you know how to raise capital … Read moreAn Overview of Common Shares

Do you know how do accountants account for the depreciation of assets? Business owners often ask an accounting firm in Johor Bahru for help as the calculation of depreciation can be quite complicated sometimes, especially if they own various classes of assets in their business. To deal with depreciation, the accountants will need journal entries … Read moreJournal Entries for Accumulated Depreciation

It is normal for sales (Also see Journal Entries for Sales Return) and purchases to happen on credit nowadays. However, having credit sales and purchases means that the time the business event takes place will be different from the timing the company receive (Also see Do You Know What is Accounts Receivable?) or spend cash. … Read moreJournal Entries for Credit Purchases

In some occasions, business (Also see How to Track the Expenses and the Benefits It Brings to Your Business) owners may encounter a situation where the goods they receive from their suppliers may be defective, or the merchandise are not what they want. If this happens, they will return those goods to the supplier. From … Read moreJournal Entries for Sales Return