What Is Accounting? The Basics Of Accounting
ContentFrequently Asked Questions About GAAPAdditional Accounting TopicsProfit and Loss (P&L) StatementWhat is business accounting?CoursesCash Basis AccountingPayroll also includes fringe benefits distributed to employees and income taxes withheld from their paychecks. As used in accounting, inventory describes assets that a company intends to liquidate through sales operations. It includes assets being held for sale, those in the process of being made, and the materials used to make them. It is a more complete and accurate alternative to single-entry accounting, which records transactions only once. From practicing calculations to understanding your company’s tax obligations, learning the discipline of accounting can only help...