Accounting Entries

Entry-level accounting involves basic accounting tasks typically handled by those new to the profession. These tasks often focus on recording […]

SBITA (Subscription-Based Information Technology Arrangements) journal entries With detailed explanation for various scenarios like opening balance, subscription changes and termination

Recording the employer’s contribution to the 401(k) plan includes the company’s responsibility for the retirement plan and identifying related expenses

Journal entries for dividends involve recording the declaration and payment of dividends by a corporation to its shareholders. There are

Intercompany accounting refers to transactions that occur between related legal entities within the same corporate group. These transactions need to

When a business sells an asset and the sale price is greater than the asset’s book value (original cost less

Intercompany transactions occur between two or more divisions, subsidiaries, or units within the same parent company. These transactions need to

An operating lease is a lease agreement where the lessee does not assume the risks and rewards of owning the

Vacation accrual refers to the process of setting aside liability for employees’ earned but unused vacation time. This ensures that