Bookkeeping

What is the Cost of Sales? Formula and Calculation

If the inventory value included in COGS is relatively high, then this will place downward pressure on the company’s gross profit. For this reason, companies sometimes choose accounting methods that will produce a lower COGS figure, in an attempt to boost their reported profitability. Cost of sales (also known as cost of revenue) and COGS both track […]

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Bookkeeping vs accounting: which should you choose as a study option?

Content What Qualifications Are Needed To Get Specialised in Bookkeeping and Accounting? .css-g8fzscpadding:0;margin:0;font-weight:700;What is bookkeeping? Bookkeeping vs accounting: which is right for your business? Recommended for you Accounting defined! Which all helps develop your existing skills and knowledge to an advanced level. If you look up their job roles you’ll find it hard to distinguish

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The Basic Accounting Equation Financial Accounting

Content Net Change Formula Relationship to Double Entry Accounting How is an Accounting Equation Formed and What Does it Mean? Basic Accounting Equation: Formula, Calculation and Examples What is the Accounting Equation? Accounting equation definition Double-entry accounting requires that every transaction recorded as a debit has a separate but equal transaction recorded as a credit.

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