Category Archives: Bookkeeping

Content What Is the Difference Between an Inventory Write-Off & Inventory Reserve? What Is the Difference Between a Sales Return & a Sales Allowance? Attributes of accounting elements per real, personal, and nominal accounts Accounting Topics Accounts in Commerce and Financial Services Although you may be familiar with the normal balance requirements of each classification, […]

Content Key Differences Between Finance and Consulting Protect and Support Client Relationships Financial Analyst Accounting consultant hourly rates Learning opportunities It merged with Haskins & Sells in 1972, Touche Ross in 1989, and part of Arthur Andersen in 2002. Deloitte has made a number of acquisitions over time, most notably acquiring Monitor Group, a large […]

Content Contra Accounts Financial & Managerial Accounting The Advantages of Reversing Accounting Entries Record a Customer Payment on a Previous Credit Sale Nature of Business Debits and Credits in Accounting: A Simple Breakdown In double-normal balance bookkeeping, all debits are made on the left side of the ledger and must be offset with corresponding credits […]