This lesson introduces you to the basic concepts and standards used in the accounting world. Find out how the day-to-day administrative tasks you perform tie into Queen’s accounting world and the ...

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A limited liability company (LLC) is business entity authorized by a state. Neither a partnership nor a corporation, an LLC provides sole proprietors and business partners many of the rights afforded ...

In this piece, you will find a thorough and detailed explanation of the principles behind accounting, including all the essential information you need to grasp the subject matter. Understand these ...

Liabilities includes all credit accounts on which your business owes principal and interest. These debts typically result from the use of borrowed money to pay for immediate asset needs. Long-term ...

Accounting Conventions :– Accounting conventions are certain guidelines for complicated and unclear business transactions, though it is not compulsory or legally binding, however, these generally ...

Making and justifying capital expenditures can be a difficult part of a supervisory or managerial position. Understanding some basic tools for making estimates and calculating values can help simplify ...