Author name: ashikrahman

One of the main advantages of blockchain is that it eliminates the need for intermediaries and central authorities, such as banks, brokers, or auditors, to verify and process transactions. This reduces the risk of errors, fraud, and manipulation, which can affect the accuracy and reliability of cost accounting data. For example, blockchain can prevent double-spending, …

Blockchain & Cryptocurrency in Accounting English 202D Fall Blog Read More »

From the perspective of running a business, it makes sense to have an overdraft arrangement, so that presented checks will be honored by the bank. Unless you’ve opted into overdraft protection, the bank may decline the transaction and charge you a fee. Here’s everything you need to know about non-sufficient funds fees (also known as …

not sufficient funds NSF check definition and meaning Read More »

An enterprise-level software such as TallyPrime that facilitates a strict and secure way of managing books also helps enforce accountability and compliance in the company. Arm’s length transaction is the basis of implementing honesty in a company’s dealings. Instead, work with a reputable real estate agent with experience in short sales, and disclose your relationship …

Arm’s Length Transaction Working, Stages & Example Fair Market Value Read More »

Whatever happens, the transaction will always result in the accounting equation balancing. The cash (asset) of the business will increase by $5,000 as will the amount representing the investment from Anushka as the owner of the business (capital). Debit – What came into the business The liability to the supplier (accounts accounting equation payable) is …

The accounting equation Student Accountant Students Read More »