The main difference between journal and ledger is that a journal is where we first record business...
Category - Accounting
How to Prepare Balance Sheet from Trial Balance
It is important to know what is meant by the terms trial balance and balance sheet before learning...
How to Prepare a Trial Balance
The main purpose of preparing a trial balance is to assist in the preparation of the year-end...
Difference between Absorption Costing and Marginal Costing
Main Difference – Absorption Costing vs. Marginal Costing Marginal costing and...
How to Prepare Bank Reconciliation Statement
Knowing how to prepare bank reconciliation statement is very useful when the company’s cash...
How to Calculate the Breakeven Point
As the breakeven point calculation is very essential for the business organizations in order to...
How to Calculate Present Value of a Bond
What is a bond A bond is a financial instrument that is issued for a specific period with the...
How to Calculate Owners’ Equity on a Balance Sheet
Owners’ Equity Definition Owners’ equity is the total amount that the business owes to...
How to Calculate Accounting Rate of Return
Knowing how to calculate Accounting Rate of Return (ARR) is important in capital budgeting as it is...
What is Bank Reconciliation Statement
A bank reconciliation statement is an accounting statement prepared at the end of the bank...