When a corporation can't collect on a delinquent customer receivable, the customer account is written off, or removed, from the corporation's accounts receivable ...

Accounting for your small business must be very clear. In the event of a audit, an auditor needs to be able to follow transactions clearly to understand them. This is ...

Understand adjusting entries for accounting purposes, how they are made and what they impact. Many, or all, of the products featured on this page are from our advertising partners who compensate us ...

Learn how double-entry accounting records transactions twice, ensuring balance and accuracy by showing both a credit and a ...

Learn how accounting spreadsheets work with real examples of journals plus when to switch to accounting software.