Uncovered loss or retained earnings in the balance sheet or statement of retained earnings are an indicator showing the company’s performance over the entire period of its existence. It is calculated cumulatively at the end of each defined reporting period. Here,..
Retained earnings (uncovered loss) is an organization’s final accumulated financial result for the whole time a company has been operating. They’re a significant part of the financial statements, particularly the balance sheet. This article will cover retained earnings, how to calculate..
For any commercial organization, the main goal is to maximize profit from their activities. For this reason, owners are always interested in the value of the retained earnings. Retained earnings are an inevitable part of every business. These are the means..
Introduction: As the adage goes, “Accounting is the language of business.” If money is the entrepreneur’s fuel to run the business, accounting is the heart of financial matters. It is crucial to have a good understanding of which accounting method works..
September 08, 2019Charles Lutwidge
As a small business owner, you’re focused on providing a profitable product or service and achieving business growth, meaning more cash for you now plus a higher sale price in the future. Having accurate financial data is a priority for long..
Introduction: The word ‘equation’ gives a feeling of anxiety or maybe a cringe for two kinds of people in the world: those who don’t love Math and those who aren’t loved by Math either. So, the term, accounting equation sounds scary..
Introduction: What is accrual accounting? The word “cruel,” in its most specific definition, means willfully causing pain or suffering to others. The accrual basis of accounting is considered a complicated accounting method that requires thorough attention to all financial activities (especially..
August 18, 2017Charles Lutwidge
Should you record the sale you just made in accounts receivable, your daybook, or a general ledger? All? None? You can document financial transactions in a number of different records. Read on to clear up the confusion on which is which...