1. Account Receivables 2. Account Payables 3. Accrual 4. Asset 5. Accumulated Depreciation 6. Bank Account 7. Bank Overdraft 8. Bill Payable 9. Cash and Cash Equivalents 10. Computer Software 11. Copyrights 12. Current Asset 13. Current Liabilities(within 1year) 14. Current tax payable( Unpaid Tax) 15. Customer Lists. 16. Deferred…

Top 10 Source Documents in Accounting What are source documents? Source documents are the first source of information from which the accounting books are prepared. A source document is the document in which data for a transaction is collected. This is the supporting document that is used when recording journal…

TAXABLE ENTITLEMENT (GROSS) OR GROSS EMOLUMENTS This is the total amount your employer pay to you as salary including all benefits arising from employment. This can be inform of wages, salaries, allowances including benefits in kind, gratuities, superannuation and any other incomes derived solely by reason of employment. All manner…

In the crypto world, airdrops are a giveaway new project use to attract a crowd. Airdrop is a free token given out when you perform some given task. It is a promotional initiative to boost the awareness of the blockchain project. …

There are basic assumptions which underline the preparation of financial statements of business enterprise. There are stated below: Going concern concept: accounting assumes that the business will continue to operate for a long period of time. In other words, it means continuity in business or Continuity Assumption. The continue preparation…

Audit Trail Audit trail is a set of accounting documents that authenticate the transactions you record in your accounting books. It provides evidence that transaction has occurred. During audit, source documents serve as back up for accounting journals and ledgers. Every business owner, are responsible for recording the company’s transactions…