Accounting

Logistics accounting involves tracking and managing costs and revenues associated with the transportation, storage, and distribution of goods. Below are […]

Credit card transactions in accounting involve recognizing both the revenue or expense and the corresponding receivable or payable related to

ASC 842 is the accounting standard for lease accounting issued by the Financial Accounting Standards Board (FASB). It provides guidelines

When dealing with invoice accounting entries, the focus is on recording the sale (if you’re the seller) or the purchase

Fixed assets are long-term tangible assets that a business uses in its operations to generate income. Examples include machinery, buildings,

The Allowance for Uncollectible Accounts (also known as the Allowance for Doubtful Accounts or Bad Debt Allowance) is an account

Bad Debt Expense Journal Entry is Debit the Bad Debt Expense Account and Credit the Accounts Receivable. Bad Debt Expense

Lease accounting involves recording the financial transactions associated with leasing agreements. Depending on whether the lease is classified as an

Accounting Entries for Inventory is and Cost of Goods Sold is Debit the Inventory Account and Credit the Accounts Payable.

Introduction to Accounting Transactions Accounting transactions are the fundamental actions that trigger changes in an organization’s financial standing. Each transaction