Explanation of subcontractors' actions in contracting accounting
YousseFMarch 01, 2021
Subcontractors is one of the parties to the contracting process that consists of the client, the main contractor, the subcontractor, and t...
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The difference between stock pricing and stock valuation
YousseFFebruary 18, 2021
The difference between stock pricing and stock valuation is that the evaluation is for the end-of-period stock, and the end-period stock i...
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The difference between periodic inventory Continuous inventory
YousseFFebruary 15, 2021
At the end of the year, a physical inventory of the goods is done to determine the balance of the warehouse of the goods, and there are tw...
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Allowance for depreciation
YousseFFebruary 14, 2021
Depreciation provision, depreciation or depreciation accumulator, which is a fund or collectible. The value of the annual depreciation of ...
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costs or operating expenses
YousseFFebruary 13, 2021
The account of operations expenses or project costs is an account that is opened in contracting companies, where the costs of projects are c...
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Entry of the purchases journal with the tax
YousseFFebruary 10, 2021
Purchasing in commercial establishments is the process of buying goods for the purpose of reselling them and profit from them, but in some ...
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What are the accounting principles and assumptions
YousseFFebruary 05, 2021
I t is a set of assumptions and principles that are considered the reference that organizes and governs the course of the accounting cycle s...
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Entrance to Contracting accounting
YousseFFebruary 04, 2021
Contracting accounting is one of the branches of accounting that is concerned with the accounts of contracting companies. The activity in co...
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Trail balance
YousseFFebruary 03, 2021
After preparing the accounting entries and recording the financial operations in the establishment, the transfer is done to the ledger and...
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The balance and posting of accounts in the ledger
YousseFFebruary 02, 2021
After recording the economic operations in the facility and making journal entries, we enter the next step of the accounting cycle, which i...
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How to make double entry easily
YousseFFebruary 01, 2021
The double entry theory is divided into the two types of simple double entry and compound double entry; Simple restriction It consists of a...
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The concept and pillars of the accounting cycle
YousseFFebruary 01, 2021
The concept and pillars of the accounting cycle The accounting cycle begins with the document, as the document is what proves the occurren...
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Balance sheet equation
YousseFJanuary 31, 2021
The balance sheet consists of two sides, the first side, the assets side, and the second side, the liabilities and equity side, and the tw...
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The difference between debtor and creditor
YousseFJanuary 30, 2021
The accounting entry consists of two parties, a debit party and a credit party The difference between them is simple and easy: A debtor is...
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The nature of accounts in accounting
YousseFJanuary 30, 2021
The nature of accounts in accounting Accounts in accounting are five main accounts, which are the elements of the budget (assets, liabili...
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Main accounts in the facility
YousseFJanuary 29, 2021
The main accounts in any establishment consist of five accounts, and these accounts are divided into two parts Real (ongoing) accounts Th...
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Definition of accounting And his goals
YousseFJanuary 29, 2021
Accounting is a set of principles, foundations, assumptions, and followed assets, recording, summarizing, classifying and analyzing economi...
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