Kategori: Bookkeeping

To record an appropriation of retained earnings, the account Retained Earnings is debited (causing this account to decrease), and Appropriated Retained Earnings is credited (causing this account to increase). Corporations are able to offer a variety of features in their preferred stock, with the goal of making the stock more attractive to potential investors. All […]

Similarly, if the parent account lists entries as debits, the contra account will appear as a credit. In the financial statements the asset a/c would be offset against the contra asset a/c to show the net balance. They are crucial for compliance with generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS). They ensure that […]

Platinum is our elite program for our fully stabilized Gold-level clients and is by invitation only. As an independent firm of Leeds accountants, we specialise in helping our clients in the North and the UK to get started in their own business. Our business advisors are here to help from the outset, making sure your new […]