UNEARNED REVENUE: An Overview
Are there times you get a payment for a job you’re yet to deliver and you wonder what…
What Is Accounting Equation?
Accounting is an important aspect of running a business. But that doesn’t mean you have to be an…
What Is Cash Accounting? Definition and Examples
Cash accounting is an accounting method that registers income when it’s received and records expense at the time…
NOMINAL VALUE: Definition, Overview & Examples
Nominal value is an important component of many bond and preferred stock calculations, including interest payments, market value,…
Accounting Supervisor Salary: Salaries In The United States Updated
The accounting supervisor salary is is dependent on several factors which like educational level, extra skills, experience in…
Unapplied Credit: What Does It Mean?
When you know about all the information concerning an invoice such as the unapplied credit, you’ll be free…
Marginal Opportunity Cost: Definition, Formula And Calculations
Marginal opportunity cost is the change in the value of an opportunity caused by choosing one alternative over…
Vouching: Difference Between Tracing and Vouching In Audit
Vouching and tracing are terms used by auditors to ascertain the validity of a transaction, but there is…
BUDGETARY: Meaning of Budgetary In Accounting
To avoid some accounting problems, all organizations have started using budgeting techniques. Budgetary control techniques are used to compare…
SENIOR ACCOUNTANT: Job Description, Qualifications and Salary
A senior accountant must have solid communication, technological, organizational and analytical skills. Companies hiring senior accountants typically look…