by Trucker's Accountant | | Accounting
Accounting journals are used to record all the financial transactions of a business from sales to purchases and everything in between. In most companies of today’s computerized world, journal entries are automated. In order to understand the basic premise of...
by Trucker's Accountant | | Accounting
According to the accounting framework financial statements are prepared for shareholders and potential investors who it argues are the main users of financial information. In a small entity business owners are the shareholders. Accounting Is for Business Owners and...
by Trucker's Accountant | | Accounting
There are at least two parts to the income statement, the revenue portion, and the expenses portion. In most small companies the revenue is one line item, and there is no need for anything else. The expense portion of the statement can be a little more complex. Most...
