Our professional bookkeepers go through extensive checks before tackling your project and are prepared to assist your CPA. We offer professional bookkeeping training services in person or remotely. We can…

The difference of $500 in the cash discount would be added to the owner’s equity. On the other hand, equity refers to shareholder’s or owner’s equity, which is how much…

Moses Bookkeeping & Tax Service also offers a free consultation. Bookkeeping Services of Plano is costing methods and techniques an accounting firm located in Plano with well over 20 years…

The agency helps them maximize their tax refund and run their companies by connecting them with local CPAs and tax professionals who can handle various solutions. These include audit defense,…

As a result of the transaction, an asset in the form of merchandise increases, leading to an increase in the total assets. At this point, let’s consider another example and…

Said a different way, liabilities are creditors’ claims on company assets because this is the amount of assets creditors would own if the company liquidated. Now that we have a…

If a company keeps accurate records using the double-entry system, the accounting equation will always be “in balance,” meaning the left side of the equation will be equal to the…

It is sometimes called net assets, because it is equivalent to assets minus liabilities for a particular business. ” The answer to this question depends on the legal form of the…