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Inventory and Cost of Goods Sold [Part 6]
[ source ] Methods of Estimating Inventory There are two methods for estimating ending inventory: 1. Gross Profit Method 2. Reta...
Accounting Equation
Definition, Meaning, and Usage The Accounting equation is a commonly used name for the properties of the balance sheet: Assets = ...
How to Avoid Coming on Too Strong in Your Job Search
How to Avoid Coming on Too Strong in Your Job Search During the job search, it’s all too easy to feel emotionally involved. After...
Accounting Concepts
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General Ledger Accounts
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My Dad Quit After 50 Years of Smoking and So Should You
Recently, my dad quit smoking after years of us encouraging, motivating, persuading, yelling, and cussing (you name it, we’ve done it). It...
Single Entry System (Single Entry Accounting Bookkeeping)
Definitions, Meaning, and Examples A few businesses choose single entry accounting instead of the more common double entry system. With...
Absorption and Marginal Costing
Before creating business plans or when evaluating existing ones it is important to 'scan' the external environment. This takes ...
Dividend, Ex-Dividend, Dividend Yield and Related Terms
Definitions, Meaning, and Examples Dividends are profits distributed directly to shareholders (owners), thereby serving as one means o...
How to Read Body Language to Reveal the Underlying Truth in Almost Any Situation
You've likely heard that body language accounts for up to 55% of how we communicate, but reading non-verbal cues isn't just abo...
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