by smnhco | Feb 18, 2021 | Bookkeeping
It includes items that are not directly owned by the business entity and liabilities towards which the business entity does not have a direct obligation. The classified balance sheet reports all the assets and liabilities based on their liquidity. The rapid growth of...
by smnhco | Oct 24, 2020 | Bookkeeping
ContentAmortization (Definition)Setting Up and ProcessingCalculating the amortization of a loanPrepaid Expense AmortizationPopular termsAccount Reconciliation Then subtract the interest from the payment value to get the principal. To calculate the period interest rate...
by smnhco | Sep 3, 2020 | Bookkeeping
In some cases, salvage value may just be a value the company believes it can obtain by selling a depreciated, inoperable asset for parts. The double declining balance method of depreciation, also known as the 200% declining balance method of depreciation, is a form of...