Accounting

This Accounting category will cover various topics on accounting ranging from financial, management, and advance accounting.

Journal Entry for Bonds

When a bond is issued, the corporation or company that issued the bond needs to maintain proper accounting transactions. The proper journal entry for bonds is very important. The journal entry for bond issuance varies depends on the type of issuance; whether it is issued at par, at a premium, or a discount.  In this

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Journal Entry for Accrued Expenses

What is Accrued Expense? When a company incurs expenses while the payment has not been made, such expenses shall be recorded as accruals. Thus, these accruals are called accrued expenses. Therefore, we can basically define the accrued expenses as the liability which results from the goods or services that have been received; however, the payment

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Unearned Revenue Journal Entry

What is Unearned Revenue? When a company receives cash or payment while the goods or services have not been delivered or provided for, it is called unearned revenue. Thus, we can define it as the liability which results from the cash received in advance while the goods or services have not been delivered or provided

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Return on Net Operating Assets (RNOA): Definition, Formula, and How to Calculate It

The operating assets of a company are directly responsible for producing income from operations. These assets include both fixed and current assets. The net operating assets figure deducts the operating liabilities from the operating assets. The return on net operating assets would then indicate the relation between the net income and operational efficiency of the

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