Bookkeeping

Apple is more susceptible to changing economic conditions or evolving industry standards than a utility or a traditional telecommunications firm. https://www.bookstime.com/articles/what-is-a-performance-budget This means that the company is using twice as much debt as equity to finance its assets. A higher equity multiplier indicates a higher level of financial leverage, while a lower equity multiplier suggests […]

Because of its simplicity, many small businesses and sole proprietors use the cash basis method as their primary method of accounting. If your business makes less than $25 million in annual sales and does not sell merchandise directly to consumers, the cash basis method might be the best choice for you. The method a company

An accounting transaction is a business activity or event that causes a measurable change in the accounting equation. Merely placing an order for goods is not a recordable transaction because no exchange has taken place. In the coming sections, you will learn more about the different kinds of financial statements accountants generate for businesses. With