which accounting concept this?, Accounting Basics

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All relevant information and explanations about a business have been included in its financial reports

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Q. What do you understand by Goodwill? Goodwill -- in accounting, difference between what a company pay when it buys theassets of another company and book value of those assets

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DOUBLE ENTRY, HOW TO DO DOUBLE ENTRY QUESTIONS

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On october 31 A fund accrued 2000.00 for legal fees. In November 2000 the fund received an invoice. for October 2008 legal fees for an amount of $2500 and paid the invoice on Nov

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Credit -- an accounting entry on the bottom or right of a balance sheet. Generally an increase inliabilities or capital or a reduction in assets. Opposite of credit is debit. Every

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