Although the periodic inventory method is simple, it has its share of challenges that companies must overcome to maintain operational efficiency and profitability. All inventory-related activities, including purchases, sales, and returns, are recorded in a different account over the specified period rather than directly affecting the inventory balance. Businesses seeking a balance between accuracy and […]... Read More

Scrap value is the worth of a physical asset’s individual components when the asset itself is deemed no longer usable. The individual components, known as scrap, are worth something if they can be put to other uses. Sometimes scrap materials can be used as-is and other times they must be processed before they can be […]... Read More

Cards on virtual kanban boards often feature screenshots and other technical details that are valuable to the assignee. You can use Kanban board apps to manage projects of all sizes, whether they’re individual or team efforts, one-off projects, or ongoing work. These tools offer much of the same functionality as a traditional project management app—or […]... Read More

Our PRO users get lifetime access to our bookkeeping training videos, cheat sheet, flashcards, quick tests, tests for prospective employees, guide to bookkeeping concepts, and more. My suggestion is to first read our free 13-part Bookkeeping Explanation and take our Bookkeeping Practice Quiz. Next, you can start studying each of the bookkeeping-related topics found on […]... Read More

As noted above, you can find information about assets, liabilities, and shareholder equity on a company’s balance sheet. The assets should always equal the liabilities and shareholder equity. This means that http://prikol.biz/wgallery_list.php?gallery=22_money&page=1&sort=5 the balance sheet should always balance, hence the name. If they don’t balance, there may be some problems, including incorrect or misplaced data, […]... Read More