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.
Basic Accounting Concepts
Different types of Accounting
There are several different types of accounting that serve various purposes and cater to different needs
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.
Difference between Provision and Reserve – Top 10 Points
Read this article to learn about Top 10 Difference between Provision and Reserve.
Capital – All about Capital
Capital in accounting refers to the financial resources or assets invested in a business by its owners or shareholders. It represents the total value of the company’s assets after deducting its liabilities.
What is Income
Income what is Income ? – In accounting, income refers to the revenue earned by a business from its primary activities, such as the sale of goods or the provision of services. It represents the inflow of economic benefits into a company during a specific period.
What are Expenses
What are Expenses – In accounting, expenses refer to the costs incurred by a business in its regular operations to generate revenue.
