Financial accounting is a multi-step process for companies following double-entry methods. The first and most important step begins with a journal entry: the recording of financial information related ...

Whether you're a small business owner or the manager of a corporate accounting department, you may need to know how to make adjusting entries for accrued interest on bonds. Adjusting entries are ...

Companies will often buy a large amount of certain supplies to take advantage of cost reductions when buying in volume. These types of purchases might be anything that is regularly used in the company ...