Leveraged Buyouts (LBO)

Leverage is the term used for funding a project through debt financing. A leveraged buyout is the use of borrowed capital to acquire a company. Private Equity firms actively perform LBOs to acquire public companies, convert them to private firms, and then sell them off. An LBO is one of the several types of mergers

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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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