Category: Accounting

What is Payroll

A payroll is a document recording all information pertaining to the remuneration of a company’s employees. It will typically include such information as the amounts...

What is Tax Exemption

Most countries have classes of organization or individual which they deem to be exempt from normal taxation. These vary from country to country. It is...

Hoven Accounting Firm

Hoven provides wide range of accounting courses. Vern Hoven and Ron Roberson are the key persons; they are highly experienced and knowledgeable. Both of them...

What are Current Assets

A current asset is a highly liquid asset which is expected to be used up within a short period time. Examples of current assets include...

What is Current Liability

A current liability is the opposite of a current asset. It is a financial obligation which a company is expected to have to discharge within...

What is Revenue

Revenue is money received by a company or other organization. For companies, most revenue comes from selling products or services to individuals or other companies....

What is Trade Credit

Trade Credit is the practice of businesses selling to other businesses and allowing those other businesses to pay for the goods on a deferred basis....

What is Asset

In accounting terms, an asset is an economic resource controlled by a company which is expected to produce benefits to the company in future. Assets...