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Equity Accounts – It’s Your Money 2 Oct 2007 | 10:26 am
Equity is the difference between assets and liabilities as shown on a balance sheet. In other words, equity represents the portion of assets that are fully owned by the owners (stockholders, partners,...
Equity Accounts – It’s Your Money 2 Oct 2007 | 06:26 am
Equity is the difference between assets and liabilities as shown on a balance sheet. In other words, equity represents the portion of assets that are fully owned by the owners (stockholders, partners,...
Working with the Equity section of your Balance Sheet 18 May 2006 | 12:52 am
As I say in my newly posted article, “Equity Accounts – It’s Your Money“, the equity section of the balance sheet is the least understood. I give examples of the general ledger accounts that are found...
Working with the Equity section of your Balance Sheet 17 May 2006 | 08:52 pm
As I say in my newly posted article, “Equity Accounts – It’s Your Money“, the equity section of the balance sheet is the least understood. I give examples of the general ledger accounts that are found...
T-Accounts: A Great Tool for Solving Accounting Transactions 8 Dec 2005 | 08:22 am
T-Account defined A T-Account is a template or format shaped like a “T” that represents a particular general ledger account. Debit entries are recorded on the left side of the “T” and credit entries ...
Internal Control: A Preventive Mainentance Program 8 Dec 2005 | 07:43 am
You read about this in every newspaper in every town in the entire country: Some bookkeeper, trusted by the owner of a small business, embezzles thousands of dollars. If the theft doesn’t put owner ou...
T-Accounts: A Great Tool for Solving Accounting Transactions 8 Dec 2005 | 03:22 am
T-Account defined A T-Account is a template or format shaped like a “T” that represents a particular general ledger account. Debit entries are recorded on the left side of the “T” and credit entries a...
Internal Control: A Preventive Mainentance Program 8 Dec 2005 | 02:43 am
You read about this in every newspaper in every town in the entire country: Some bookkeeper, trusted by the owner of a small business, embezzles thousands of dollars. If the theft doesn’t put owner ou...
Valuing Goodwill: Avoid buying a ‘Pig-in-a-Poke’ 30 Nov 2005 | 11:09 am
All my life I had heard the warning never to buy a “pig-in-a-poke”. I understood the gist of it but didn’t really know what a “poke” was. So I looked it up one day and found out a “poke” was a “bag”. ...
Recording Goodwill on the books 30 Nov 2005 | 06:24 am
Have you ever seen “Goodwill” as an asset category on a set of financial statements? Do you wonder how the dollar amount was arrived at? Did you know that the only way Goodwill can be entered on the b...
