Understanding the Difference Between Cash Flow and Fund Flow
Gain a comprehensive understanding of the Difference Between Cash Flow and Fund Flow in financial analysis and decision-making. Explore their significance and implications for businesses.
Different types of Accounting
There are several different types of accounting that serve various purposes and cater to different needs
Credit Purchase Journal Entry
Credit Purchase Journal Entry
Cash Purchases Journal Entry
Cash Purchases Journal Entry is recorded when a company pays for goods or services in cash.
Provision for Bad Debts
Provision for Bad Debts is an expense recognized in the income statement, which reduces the company’s net income.
The contra-asset account, provision for bad debts, is reported on the balance sheet as a deduction from accounts receivable.
Bad Debts Recovered Journal Entry
What is Bad Debts Recovery ? Bad debts recovered refer to the amounts previously written off as bad debts that have been subsequently collected from customers. It occurs when a customer, who was previously unable to pay their outstanding debt, makes a payment or settles their account at a later time. When a company writes … Read more
Journal Entry for Bad Debts
Journal Entry for Bad Debts is needed to present a true and fai rview of final account.
Journal Entry for Accounts Payable
The Journal Entry for Accounts Payable would typically involve debiting the accounts payable account and crediting the cash or bank account.
Difference between Provision and Reserve – Top 10 Points
Read this article to learn about Top 10 Difference between Provision and Reserve.
Journal Entry for Outstanding Expenses
Journal Entry for Outstanding Expenses includes recognising the Exepnses and creating an offsetting Liability for same.
