Category: Bookkeeping

It is straightforward for fraudsters to only print a bunch of fake bearer bonds and use them as actual cash. This is unlawful and forgers face significant punishment if caught. Bearer bonds…

Without proper closing entries, your financial statements could become inaccurate, making it impossible to evaluate period-by-period performance. The four-step closing process transfers information from your income statement to your balance sheet, completing…

These ratios help stakeholders assess the bank’s operational efficiency, risk exposure, and regulatory compliance, guiding strategic decisions and policy formulations. All of us are connected to the Fed’s balance sheet in one…

Additionally, after you have created an online account and linked your license, you may view a copy of your professional license on your mobile device using the DBPR mobile application. You may…

Withdrawals occur when business owners take funds out of the business for personal use in sole proprietorships and partnerships. Both withdrawals and dividends reduce equity, reflecting the distribution of earnings to Accounts…