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Paid-in Capital and Retained Earnings

da | Ago 22, 2022 | Bookkeeping

Thus, if you as a shareholder of the company owned 200 shares, you would own 20 additional shares, or a total of 220 (200 + (0.10 x 200)) shares once the company declares the stock dividend. As mentioned earlier, management knows that shareholders prefer receiving...

Accounting Debit vs Credit Examples & Guide

da | Giu 28, 2022 | Bookkeeping

Step 2 – At the time when the expense is transferred to “Profit & Loss A/c”. This is a rule of accounting that cannot be broken under any circumstances. You might notice there is no minus sign on the debit side of the Capital Contributions category. Shaun Conrad...

Examples of Fixed Assets

da | Mar 23, 2022 | Bookkeeping

Liabilities and equity make up the right side of the balance sheet and cover the financial side of the company. With liabilities, this is obvious—you owe loans to a bank, or repayment of bonds to holders of debt. Liabilities are listed at the top of the balance sheet...

Examples of Fixed Assets

da | Mar 23, 2022 | Bookkeeping

Liabilities and equity make up the right side of the balance sheet and cover the financial side of the company. With liabilities, this is obvious—you owe loans to a bank, or repayment of bonds to holders of debt. Liabilities are listed at the top of the balance sheet...

What Is the IRS Form 990?

da | Feb 28, 2022 | Bookkeeping

Expenses attributable to providing information regarding the organization itself, its use of past contributions, or its planned use of contributions received are fundraising expenses and must be reported in column (D). Enter the total expenses incurred by the...

Chart Of Accounts: Definition, Types And How it Works

da | Set 1, 2021 | Bookkeeping

Liability accounts usually have the word “payable” in their name—accounts payable, wages payable, invoices payable. “Unearned revenues” are another kind of liability account—usually cash payments that your company has received before services are delivered. The...