Journal Entries to Record a Purchase Invoice
One of the most common types of document that needs to be processed within a business are purchase invoices. Therefore, it is essential that you understand the journal entries required …
What is an invoice?
As an accountant, some of the most important and common documents that you will come across are invoices. Invoices play a very important role in the accounting and double entry …
Managing Your Time in the ACA FAR Exam
The Financial Accounting and Reporting (FAR) exam is regarded as one of the hardest exams required to obtain the ACA qualification. It contains a lot of content of varying levels …
What is the Accruals Concept?
The accruals concept is one of most important accounting concepts to understand. It forms a crucial role in ensuring the accuracy of the financial statements. Accruals can often confuse those …
The Difference Between Gross and Net Revenue
When talking about sales made from a business it is quite common to hear the terms gross and net revenue. In the UK most businesses have to add value added …