The Rules for the Recording of Journal Entries
When the accountants from an accounting firm in Johor Bahru are recording journal entries in the…
Accounting
An Overview of Breakeven Point
The breakeven point refers to the sales volume at which the company literally does not generate…
What Are Margin and Markup?
If you are a business owner who does not know accounting well, you may outsource your…
Categorisation of Costs
Every business must have incurred costs throughout its operations, and your company is no…
The Concept of Revenue Recognition
As a business owner, do you know how you should recognise the revenues that your company…
What are Accounting Adjustments?
Accounting adjustments are the business transactions that the company has not included in its…
Understanding Payback Period
The payback period is the time business owners need to recover the cost is has spent in an…
Introduction to Accrued Expenses
Accrued expenses refer to the expenditures that a company has incurred, but it has not…
Differences Between the Accrual Basis and Cash Basis of Accounting
In accounting, the accrual basis and cash basis are two different methods of recording business…
Accounting – The Cash Basis
In accounting, the cash basis means that a company will only record revenue when it receives cash…