por icadmin | Sep 23, 2021 | Bookkeeping
If you plan on using the cost principle, plan on using reputable accounting software. In 2021, the fair market value of the office building is now $1 million. The cost of the office building is still listed as $250,000 on the balance sheet. Historical cost prevents...
por icadmin | Ene 18, 2021 | Bookkeeping
Typically, the heading consists of three lines containing the company name, name of the trial balance, and date of the reporting period. Adjusting entries are all about making sure that your financial statements only contain information that is relevant to the...
