The credit sales figure of $200,000 would go into the accounts receivable control account. Whereas, the sales details of various debtors like Jack & Co., Mayers, and John can be found in the related subsidiary ledger. You may choose to conduct an internal audit or get your accounts audited by an accounting professional, so your […]

Organizations will need to find ways to incorporate their existing workforce into new workflows enabled by productivity gains from the incorporation of AI into operations. Today’s AI technology has a range of use cases across various industries; businesses use AI to minimize human error, reduce high costs of operations, provide real-time data insights and improve […]

Each Square account has potentially different terms based on its history and trends. When notes are sold with conditions, the company creates contingent liability, and it is disclosed in the notes to financial statements. As mentioned depreciation tax shield calculation earlier, if Anchor used IFRS the $480 discount amount would be amortized using the effective […]