The Differences Between Audit and Assurance
Audit refers to the systematic assessment the auditors will perform on the company’s books of…
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…
Accounting – The Accrual Basis
In accounting, the accrual basis means that a company should record revenue once it earned…
How Do Auditors Close an Audit?
If the audit firms in Johor Bahru wants to compete with more sizable companies, they need to…
The Role of Trial Balance in Accounting
A trial balance refers to a report that the accountants will generate when an accounting period…
What is Meant by the Term “Company”?
Some people who are interested in setting up a business have no idea about how they should set…
Accounting for Prepayments
Prepayments are the payments that the selling companies have received from their buyers before…