Bookkeeping

April 18, 2022

Fixed Assets Journal Entries

When a business is reporting persistently negative net cash flows for the purchase of fixed assets, this could be a strong indicator that the firm is […]
March 30, 2022

Contra Account Definition, Types, and Example

The net amount – i.e. the difference between the account balance post-adjustment of the contra account balance – represents the book value shown on the balance […]
October 14, 2021

Common Stock: What It Is, Different Types, vs Preferred Stock

Shareholder equity alone is not a definitive indicator of a company’s financial health. If used in conjunction with other tools and metrics, the investor can accurately […]
April 26, 2021

Cost of Goods Sold: What Is It and How To Calculate

The Cost of Goods available for sale over a given period is the total cost of the inventory ready to be sold at the time. This […]