Working Capital Turnover Ratio: What It Is And How To Calculate It
A WC turnover ratio is generally confirmed as being higher or low when compared to similar businesses running in the same industry. Notwithstanding, this also varies from industry to industry, and there’s no standard ratio for all companies. This suggests that for every $1 that the company has invested in working capital, this has generated […]
Accrued Income Journal Entry
The journal entry is debiting unbilled receivable and credit accrued income. Expenses are recorded when they’re incurred regardless of when they’re paid. An expense would be recorded in December if a company incurs expenses in December for a service that will be received in January. Revenue derived from that service would be recorded in December […]
