Bookkeeping

2024-12-12

What is Translation Exposure?

The consistency principle requires companies to use the same accounting techniques over time to maintain uniformity in the books of account. Translation risk can occur at
2024-11-18

What is Accounts Payable? Your Guide for Everything AP

There are plenty of ways to do this, from writing a check to making an electronic payment or bank transfer. After you’ve received the goods or
2024-11-13

What is a Plant Asset? Definition and Real-World Examples

Any asset that will provide an economic benefit within one year is a current asset. Plants are considered a “current asset” because PP&E has a useful
2024-07-18

How to Account for Sales Discounts in Financials

In this case, the discount should be estimated and allowance on sales discounts should be provided for at the year-end. Gross sales is the total unadjusted