Category Archives for Bookkeeping

First in, first out method FIFO definition

It also means the company will be able to declare more profit, making the business attractive to potential investors. Lastly, a more accurate figure can be assigned to remaining inventory. Gross margins may be positively impacted…

What are accrued revenues and when are they recorded?

It means a business can utilize cash received in advance to make inventory purchases and other working capital requirements. In other words, whether the government can tax earnings that exist on paper but have not…

Treasury Stock Definition + Journal Entry Examples

Another reason companies may buy back their outstanding shares is to consolidate ownership. For instance, if the company is in search of skilled executives, it may want to offer stock options to attract better candidates.…