Bookkeeping

When the time comes to create your annual budget, a purchase journal helps you estimate how much you’ll need in the coming year for various business expenses. Recordings of these…

Take a look at your company’s income statement, and you might see a section devoted to operating expenses. Ever wondered what that means and why operating expenses are separate from…

A company can use a portion of its earnings to buy assets that would increase common equity along with BVPS. Or, it could use its earnings to reduce liabilities, which…