Forbes Magazine has just published its newest list of billionaires on the planet. The list, which is published on March 7, 2012 included an all time high 1,226 billionaires worth a record of $4.6 trillion. Mexican billionaire Carlos Slim Helu, once again named as the richest … [Read more...]
Examples of Adjusting Journal Entries in Accounting
In our previous post titled how to make adjusting journal entries (AJE), we have discussed the common types of adjusting entries, namely, accrued revenues, accrued expenses, unearned revenues, prepaid expenses, depreciation (estimation), change in accounting estimate, and prior … [Read more...]
How to Make Adjusting Journal Entries
In our previous article, we’ve discussed about the preparation of a trial balance. After the trial balance is prepared, we need to ensure that our accounting records are accurate and our financial reports will be fairly presented. Adjusting journal entries (AJE) are necessarily … [Read more...]
How to Prepare a Trial Balance
A trial balance is an internal accounting statement prepared to check the accuracy of the company’s accounting records. As the “trial” on its name suggests, it is made to check if there are errors committed during the accounting process, which involves journalizing and posting … [Read more...]
5 Interesting Memes for Work, Success and Fun
Memes are one of the hottest stuff on the Internet right now. They spread on the social media, like Facebook, Twitter, Google plus, StumbleUpon, Pinterest, various blogs, and other websites. They can be fun, disgusting, thought-provoking or awe-inspiring. Online marketers have … [Read more...]
What is the Richest Country in the World?
The wealthiest country in the world based on per capita income is Qatar. This is according to the latest list of the world’s richest countries compiled and published by Forbes magazine on February 2012. The Arab Gulf emirate of 1.7 million people topped the list thanks to the oil … [Read more...]
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