Sección: Bookkeeping

Equity is often called net assets because it shows the amount of assets that the owners actually own after the creditors have been paid off.

You’ll need to notify the vendor about products delivered in unacceptable condition so they can send a fresh delivery or adjust the total amount in

If you’re a sole proprietor or independent contractor, you can certainly get by using a single-step income statement. But for established businesses as well as