Bookkeeping
While not legally required, a chart of accounts is considered necessary by businesses of all types and sizes. It helps categorize all transactions so that ...
Based on its current ratio, it has $3 of current assets for every dollar of current liabilities. Its quick ratio points to adequate liquidity even after ...
Each role provides a unique set of skills and fills various financial needs of an organization. Nonprofit accountants use their advanced knowledge of ...
For a credit account, the contra account is a debit account, and for a debit account, the contra account is a credit account. As a result, the natural ...