Category Archives: Bookkeeping

Unearned Revenue: What It Is, How It Is Recorded and Reported

Content When should a company recognize unearned revenue? Unearned Revenue (Sales) Video What is the accounting entry for unearned revenue? Definition of Unearned Income Unearned Revenue: What It Is, How It Is Recorded and Reported Definition of Unearned Revenue in Accounting What Is Unearned Revenue and How to Account for It This includes collection probability, […]

Accounting 101 Basics of Long Term Liability Chron com

Content Current & Long-Term Liabilities Overview Importance of Long-Term Liabilities on the Balance Sheet Long Term Liabilities vs Long Term Debt Where to Put the Value of a New Acquisiton on a Balance Sheet The Difference in Notes Payable Vs. Long-Term Debt They should be listed separately on the balance sheet because these liabilities must […]

What to do After You Get Your Exam Results UCAS Clearing

Sometimes things don’t go to plan, and you could find that your UCAS predicted grades are lower than those asked for by your preferred universities. In this article, we’ll tell you what you can do to get through this challenging time and come out the other side. Universities can’t make offers through adjustment before results […]

Gross Profit Ratio Meaning, Formula, Calculation, Examples

Content What is the definition of gross profit ratio? Related Articles Everything You Need To Master Financial Modeling Understanding the Gross Margin Ratio A low gross margin ratio does not necessarily indicate a poorly performing company. It is important to compare ratios between companies in the same industry rather than comparing them across industries. Generally, […]

Accounting Definitions of Contra-Revenues vs Expenses

Content Financial Ratios Contra Asset Contra Account Journal Entry: Examples of Contra Asset Accounts What is a Contra Account? Contra Account-Meaning,Example,Recording Contra Account (Commerce Achiever) Expenses are the costs of doing business, but not all costs are expenses. In accounting terms, an expense is a cost incurred to produce revenue reported on the income statement. If […]