Private equity is a challenging subject to understand. The best private equity books offer readers valuable insights into the industry and can help them understand the strategies and techniques used by successful private equity firms. For those looking to gain insight into … [Read more...] about Best Private Equity Books
Paid Cash for Telephone Bill
Paid Cash for Telephone bill is to record an expense transaction with payments happening in physical currency. So, the business forgoes Cash to gain the telephone services. Nowadays, there are no cash transactions. I agree 100% with you all. It mostly happens … [Read more...] about Paid Cash for Telephone Bill
Deferred Rent Journal Entry
Deferred Rent is a Liability account for the business. There is a deferment of recognizing the Rent even though the payments are received. Why does such a scenario happen? Here's an example for you. False Company leases a building from True Company with a monthly … [Read more...] about Deferred Rent Journal Entry
Net Accounts Receivable
Net Accounts Receivable is the leftover balance after deducting the bad or doubtful debts. Are you wondering why there would be bad debts? Operating a business on a Cash basis isn't feasible. So, there is a need for credit. It's possible and expected that each debtor … [Read more...] about Net Accounts Receivable
Asset Disposal Journal Entry
Asset Disposal Journal Entry is to record the removal of an asset from the business books. Disposal doesn't necessarily mean that there is an asset demolishment or retirement due to unusable state. The disposal of assets can happen due to any of the following … [Read more...] about Asset Disposal Journal Entry