Changes to the Balance Sheet: Asset-Based Transactions
There are five types of events that may alter the ownership, quantity, or value of a firm’s assets, each subsequently impacting the Balance Sheet and requiring careful documentation.
Double Entry Bookkeeping Made Simple(ish)
An introduction to the system of double-entry bookkeeping. Including a glimpse into how dual entries help maintain balance sheet equilibrium.
Proportional and Incremental Methods for Recording Lump Sum Security Sales
The Proportional and Incremental methods are two ways companies can allocate the lump sum total earned on a sale of multiple securities. This is a clear explanation with a step-by-step example.