ACCUMULATED AMORTIZATION: How To Calculate It On The Balance Sheet
Have you ever heard the term “accumulated amortization” and wondered what it meant? When it comes to business,…
BILLING STATEMENT: Definition and How It Works
Keeping track of your credit card transactions can be a time-consuming task. You don’t have to perform the…
TOTAL LIABILITIES: Definition, and How To Calculate It
The total liabilities are all of the debts that a company owes to third parties. This can include…
SINGLE VS DUPLICATE CHECKS: Comparison And Differences Explained
Although the difference between single vs duplicate checks is small, it is still enough to confuse, as customers…
UNIT ELASTIC: What is Unit Elastic in Economics?
In economics, elasticity is a measure of how much other variables, such as price, supply, consumer options, and…
CURRENT BALANCE VS AVAILABLE BALANCE: What’s The Difference?
Current balance vs available balance – If you ever made a check one day just to keep your…
RESTRICTED CASH: Definition & Its Financial Statement
In accounting, “cash” refers to money maintained in liquid form by a corporation that can be spent or…
WHAT IS AN OUTSTANDING BALANCE? How Does It Affect Your Credit Card?
Handling credit card bills is part of managing your personal finances. If you frequently use credit cards, knowing…
EQUIPMENT BILL OF SALE: Form Templates (+Free Printable Forms)
An equipment bill of sale is a type of purchase receipt that proves to the buyer that they…
LONG TERM ASSETS: Definition, Examples and Limitations
A long-term asset is an important component of sound financial management in many sectors. Long-term use and maintenance…