Bookkeeping

The post-closing trial balance, on the other hand, changes this account. As previously stated, it accomplishes this by shifting revenue and expenses to the retained earnings account. The post-closing trial balance also closes dividend accounts, which affects retained earnings. The post-closing trial balance ends with totals for both credits and debits at the bottom of …

Post-Closing Trial Balance Example, Purpose Format, Preparation, Errors Read More »

Sales managers use this information to determine potential pain points throughout each stage of the sales cycle, and how to improve the cycle toward faster conversion. The average selling price (ASP) is a term that refers to the price that a good or service is sold for. The average collection period amount of time that …

What is Average Sale Price ASP? And How to Calculate It Read More »

The investors who purchased a convertible bond may think this is a great solution because they can profit from the upside in the stock if the project is successful. They are taking more risk by accepting a lower coupon payment, but the potential reward if the bonds are converted could make that trade-off acceptable. Credit …

What Is the Difference Between a Bond vs Note Payable? The Motley Fool Read More »