by Accountant Town | Aug 16, 2019 | Balance Sheet
Accounting Principles – Investments Every business organization must be assumed to have some specific object in engaging in business. It is true of course that the object of all business organizations is profit. This, however, is not sufficiently specific. Each...
by Accountant Town | Aug 16, 2019 | Balance Sheet
Accounting Principles – Working Assets This group comprises materials and supplies, goods in process, finished goods, finished parts purchased to complete manufactured goods, packing material, coal, oil and waste, stationery, advertising matter, postage and any...
by Accountant Town | Aug 16, 2019 | Balance Sheet
Accounting Principles – Current Assets Current assets will be remembered as those assets which are immediately available or which will become available shortly for the purpose of meeting current liabilities. Chief among them, of course, is cash, either in hand,...
by Accountant Town | Aug 16, 2019 | Balance Sheet
Accounting Principles – Patents, Copyrights, Trademarks The topics suggested by the subject of this chapter are frequently considered along with goodwill. They seem, however, to be of sufficient importance and so unlike goodwill as to warrant a discussion apart...
by Accountant Town | Aug 16, 2019 | Balance Sheet
Accounting Principles – Goodwill In discussing goodwill, it will be necessary to say something about the meaning of the term, the origin of goodwill, its valuation, its duration and its disposition. By goodwill is meant, that intangible possession or...
