Education

how to be a better student

How To Become A Better Student In Nigeria 2024: 10 Effective Tips

How To Become A Better Student in Nigeria 2024: Unlike what many students believe, becoming a better student is more than just about passing tests and getting good grades. It involves creating an integrated strategy for education and personal development. Learning the skill of being a better student can result in more tremendous academic success, improved self-discipline, […]

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examples of real asset and financial asset

10 Distinction Between A Real Asset And A Financial Asset

Distinction Between A Real Asset And A Financial Asset: Generally assets are properties owned and controlled by an organization that can generate income for the organization. Assets are the backbone and lifeblood of any organization because they enable them to create more wealth in the future.  We can classify assets into two major classifications which

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Admission of Partner: Revaluation of Assets and Liabilities

Revaluation Of Assets And Reassessment Of Liabilities A/c Entries

Revaluation Of Assets And Reassessment Of Liabilities: Revaluation accounts are used to enter a company’s assets and liabilities at their actual, true, or most recent market worth. In other words, When assets and liabilities are revalued, a Revaluation Account is set up to calculate net profit or loss, taking into account any items that are

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Trade receivables and revenue

Trade Account Receivables Explained In Accounting With Examples

Trade Account Receivables Explained In Accounting: Trade account receivables is the total amount owed to an organization by its customers as a result of past credit transaction. These transactions involve the sales of goods or services to its customers on credit. Another name for Trade account receivables is “account receivables“. Trade receivables are been classified

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Trade payables Explained With Examples & formulas

Trade payables Explained With Examples & formulas Trade payables are short-term expenses incurred by an organization usually from credit purchases of inventories or stock from suppliers. they are usually recorded in the liability section of a company’s balance sheet. It is the total cost owed by an organization to its vendor for all the inventories

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