Bookkeeping

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 »