Posts tagged Accrual-basis Accounting

The regulators do not permit a business organized as a C-corporation (in the United States) to use cash basis accounting. Instead, these companies must use …

From the financial point of view, you’re in business to make a profit. This is obvious, isn’t it? Or are you in business to make …

This accounting glossary is not a general accounting dictionary that you can find any terms and definitions from abaccus system to african tze-tze mosquitoz. But …

Business managers, lenders, and investors need to know the financial condition of a business. A summary of cash flows, though very useful in its own …