How To Calculate Retained Earnings – Formula, Example and More
Retained Earnings: MeaningRetained earnings represent the cumulative profits earned by a company over time that have not been distributed as dividends to its shareholders.… Read Article
Balance Sheet
Capital Expenditure
What is Capital Expenditure?Capital expenditure or CapEx is the expenditure incurred by the Company to acquire or upgrade or maintain tangible assets like plants… Read Article
Salvage Value – Meaning, Importance, How to Calculate
Salvage Value is the amount that a company expects to get at the end of the useful life of an asset. There are various… Read Article
Net Realizable Value – Meaning, Formula, Uses And More
The Net Realizable Value or NRV is the value of an asset that a seller expects to get less the cost or expenses in… Read Article
Bank Reconciliation Statement
A bank reconciliation statement is a synopsis of banking activities that matches a business entity’s ledger transactional records. A bank reconciliation statement is an… Read Article
Statement of Retained Earnings
What is the Statement of Retained Earnings?A statement of Retained earnings is an important financial statement that discloses the amount of retained earnings. Retained… Read Article
Classified Balance Sheet – Meaning, Importance, Format And More
The classified balance sheet shows various information under different subcategories. In simpler terms, the major items such as assets, shareholders’ equity & liabilities, and… Read Article
Current Liability – Meaning, Types, Accounting And More
Current Liability is a financial obligation that a company needs to pay within a year of incurring it. Also known as short-term liability, a… Read Article
Accrued Expense – Meaning, Accounting Treatment And More
Accrued expense or accrued liabilities is the term describing the payments or expenses that the company incurs or recognizes but would be due for… Read Article
Impairment Cost – Meaning, Benefits, Indicators And More
Impairment Cost or charge is the drop in the value of an asset on a permanent basis. Whether the asset is tangible or intangible,… Read Article
Deferred Revenue – Meaning, Importance And More
Deferred revenue is the money that a company receives even before earning it, or we can simply say advance payment. Companies do not report… Read Article