Archives des Bookkeeping

30 juin 2021

Amortization of Bond Premium Step by Step Calculation with Examples

ContentCalculation of bond premiumWhat Is the Carrying Value of a Bond?Bonds Payable:COMPANYAccountingToolsBusiness Development For 20X4, interest expense is roughly 6.1% ($6,294 expense divided by beginning of year liability of $103,412). Thus, Schultz will repay $31,470 more than was borrowed ($140,000 – $108,530). The present value factors are taken from the present value tables (annuity and lump-sum, respectively). Take time to verify the factors by reference to the appropriate tables, spreadsheet, or calculator routine. What does it mean to amortize a bond premium? An amortizable bond premium refers to the excess amount paid for a bond over its face value or...

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15 octobre 2020

Bookkeeping

GAAP vs IFRS: What’s the Difference?

If an exchange has a high volume of trade, the price a buyer offers per share (the bid price) and the price the seller is willing to accept (the ask price) should be close to each other. In other words, the buyer wouldn't have to pay more to buy the stock and would be able to liquidate it easily. When the spread between the bid and ask prices widens, the market becomes more illiquid. Analysts and investors use these to identify companies with strong liquidity.Excluding accounts receivable, as well as inventories and other current assets, it defines liquid assets strictly as cash or cash equivalents.Understanding which of your assets are more liquid than others...

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8 octobre 2020

Bookkeeping

How to create a balance sheet on QuickBooks

Contents:Know When the Balance Sheet went Out of BalanceCommon Errors to AvoidHow to Set up a Balance Sheet in QuickBooksWhat Causes QuickBooks Balance Sheet to be Out of Balance? Differentiate the Total Assets and Total Liabilities so that you can find the year in which the Balance Sheet goes out of balance. Go to the upper left side of the Summary Balance Sheet window and select the Customize report.Switch Report Basis to Cash. Click on Reports menu and then select the Company & Financial. For more information check Balance sheet Report out of balance- Recurring. Transactions which you have entered are not compatible. Once you're done customizing your...

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