Category Archives: Bookkeeping

Accounting Transaction Definition

Content Core Concepts Of Accounting How Do We Determine The Effects In Terms Of Increase And Decrease? What Is A Transaction? Money Instructor Transaction Example 2 What Is Account Analysis? Impact Of The Accounting Equation On Accounting Transactions The chart below presents these concepts as a flow chart. Recall that in this transaction Treehouse agreed […]

Capital Assets Vs Fixed Assets

Content Record And Update Your Assets Maximize Tax Savings Related Fixed Assets Resources Whats The Difference Between Total Assets And Net Assets? Revaluation: Valuation Models For Fixed Assets Robust Inventory Control Sage Fixed Assets Fixed Assets are resources expected to provide long-term economic benefits that are expected to be fully realized by the company across […]

The Historical Cost Principle And Business Accounting

Content Short What Is The Historical Cost Principle? Examples Of Unallowable Expenses Historical Cost Vs Market Value What Are The Other Principles Of Gaap? Can The Cost Principle Be Used For Bartered Assets? Cost Principle: Example 1 Dock David Treece is a contributor who has written extensively about business finance, including SBA loans and alternative […]