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In Malaysia, there are two types of partnerships, which are general partnerships and limited liability partnerships (LLP). Although both of

In accounting, deferrals are the accounts where the company has not realised the asset or liability until the next accounting

How do we determine how successful a business is, or how much the company has developed over the years? When

Are Sales and Revenue the Same?

As a business owner, when you look at the financial statements that your accountant or an accounting firm in Singapore

Capital expenditures are the expenses that a company will incur when it increases some values to the existing assets or

You may be aware of the importance of earning revenues (Also see An Overview of Contra Revenue) by selling the

An Overview of Contra Revenue

Contra revenue is the amount that an accountant would deduct from the gross revenue of a company to calculate the

Revenue and retained earnings are two terms that one will usually see when reading the financial statements. Revenue forms an

According to the Companies Act 1965, all companies need to have an M&A (Memorandum and Articles of Association). Under the

An inventory audit is a process of assessing the methods that a company uses to record its inventory by using

Some people may think that accounting is all about recording transactions and calculating figures. This is just a tiny part

Three Different Types of Accounting

Thanks to the industrial and economic developments, accounting has been getting more and more specialised until it is split into