Purchase Return and Allowances Journal Entries Examples
What is purchase return and allowances?Definition: It is an account that [...]
Difference between POS System and Accounting Software
Every business needs to track its sales and manage its [...]
Trial balance Vs. Balance sheet Vs. P&L Vs. Income statement
In this article, we'll discuss and get the clear-cut difference [...]
Difference between Liquidity and Solvency | With Infographic
The terms liquidity and solvency refer to the business's financial [...]
What are 2-way, 3-way and 4-way matching in Account Payable?
In the account payable process – the procurement and receiving [...]
Inventory Shrinkage | Definition, Formula, Cause and Prevention
In this article, we discuss, What is the shrinkage of [...]
