Capital is that part of wealth which can be used for further production of wealth. According to Marshall, “Capital consists of all kinds of wealth, other than free gifts of nature, which yield income.” Therefore, every type of wealth other than land which helps in further production of i...
Working Capital and Liquidity Financial Ratios Bank Reconciliation Accounts Receivable and Bad Debts Expense Inventory and Cost of Goods Sold Depreciation Payroll Accounting View PRO Plus Features JoinPROorPRO Plusand Get Lifetime Access to Our Premium Materials ...
Janet Berry-Johnson, CPA, is a freelance writer with over a decade of experience working on both the tax and audit sides of an accounting firm. She’s passionate about helping people make sense of complicated tax and accounting topics. Her work has appeared in Business Insider, Forbes, and ...
Definition of Aging In accounting, the term aging is often associated with a company’s accounts receivable. Accounts receivable arise when a company provides goods or services and allows the customer to pay 10 or 30 days later. If some customers do not honor the terms of the sale, the ...
Journal Entry of APIC A ledger account is created for bothPaid-in Capital/Capital Stock Account and Additional paid-in Capital in accounting books. While passing the Journal Entry of Additional paid-in Capital/Paid-in Capital over Par Value, the other two ledger accounts are affected, i.e.,...
Accounting. assets remaining after deduction of liabilities; the net worth of a business. the ownership interest in a business. any source of profit, advantage, power, etc.; an asset or assets (usually used in combination): He has the political capital to push through the legislation. ...
Financial accounting is a specific branch of accounting involving a process of recording, summarizing, and reporting the myriad of transactions resulting from business operations over a period of time. These transactions are summarized in the preparation of financial statements—including the balance sheet...
The meaning of BOOK is a set of written sheets of skin or paper or tablets of wood or ivory. How to use book in a sentence.
The meaning of STOCK is a store or supply accumulated or available; especially : the inventory of goods of a merchant or manufacturer. How to use stock in a sentence.
Using this method of portfolio accounting, accretion of discount can be said to be a straight-line accumulation of capital gains on a discount bond in anticipation of receipt of par at maturity. Accretion can also be accounted for using a constant yield, whereby the increase is closest to ...