What if you’re a business owner who reports their business activities on their personal tax returns? In that case, don’t file for a business extension with […]

Content Cost Flow Assumptions FIFO, LIFO, and WAC Example Types of Accounting Methods How to Determine Inventory Shrinkage Percent Eric Gerard Ruiz is an accounting and […]

Content Cite this Entry How Petty Cash Works? Petty Cash Funds Advantages of Petty Cash What happens when petty cash doesn’t balance? Audit controls However, on […]

Content Importance of Cash Forecasting Types of Account Reconciliation Other account reconciliations To do this, a reconciliation statement known as the bank reconciliation statement is prepared. […]