Latest Easy Accounting Topics

We have covered Adjusting Entry topic in great depth. Now, it is the right time to practice more to gain better knowledge about the exam styled questions. YT is a global freight forwarding company. It is in the business since two decade and during that time period, it has acquired sufficient experie...
added on 08-Sep-2018
We have covered various methods of depreciation. Here we are sharing question answer for Straight Line method. JK Co. bought a heavy duty machinery for its production process on July 1, 2008 at a price of $ 200,000 with credit terms of 2/10, n/30. In order to purchase this machinery, JK has to incur...
added on 04-Sep-2018
When the bad debts are estimated over the amount of sales, then this method is called bad debt income statement approach. In this post, we will share problems and solutions so that you can practice more for your upcoming exams. Problem Aluma is an online store that sells vegetable gardening supplies...
added on 01-Sep-2018
As we have discussed in our previous posts that there are several method of depreciation. One of them is Double Declining Balance method. It is an accelerated tactic to depreciate the fixed asset over its useful life. It is denoted by DDB. This concept is based on the view that in initial years, ass...
added on 30-Nov-2017
We have discussed Declining balance methodof depreciating the fixed asset in the past. But in this tutorial, we will focus on how we can do it with easy to use Microsoft Excel formula. Excel FormulaDeclining Balance DB( cost, salvage, life, period, [month] ) Where: cost = cost of the asset salvage =...
added on 30-Nov-2017
We have covered Pay Back Period in great detail. The process is not difficult and usually takes hardly 05 minutes. But, there are friends who want to know the exact years with decimal values. For them, we are sharing the Excel formula which you can use to find out PBP. You just need to enter initial...
added on 29-Nov-2017
Earning Per Share is a market value measure and is considered one of the important financial ratio. It is denoted by the symbol EPS. It is calculated by dividing the net profit after tax which is available to the ordinary shareholders by the number of ordinary shares outstanding. EPS is a market val...
added on 29-Nov-2017
In oder to better perform your work in accounting and finance, this is the dire need to grip your hands over Microsoft Excel Functions. The person who holds a strong grip over the formulas are given more chances of growth in any type of organization. The task which you do in plenty of hours, can be ...
added on 28-Nov-2017
The maximum amount of revenue which the Government earns from direct taxes comes from salaried individuals. In order to calculate the amount of tax liability, we need to memorize the slab rates which is not an easy task. Most of the time, we have to open up the books and manuals to check which rates...
added on 28-Nov-2017
Net Present Value (NPV) is a useful investment analysis technique which helps the management greatly in making informed decisions. Manual exercise of calculating NPV takes a time but thanks to Microsoft Excel that it can be done within a minutes. Things to require In order to calculate NPV using Exc...
added on 27-Nov-2017