by pay@crispino.us | Jul 17, 2026 | Chart of Accounts, Liabilities, Terminologies
Debt securities issued by a company to raise capital. They usually have fixed interest rates and maturity dates. Often used for large-scale financing.
by pay@crispino.us | Jul 16, 2026 | Assets, Chart of Accounts, Terminologies
Consumable items used in daily operations, like paper, ink, or cleaning products. Supplies are assets until they are consumed. At usage, they are expensed.
by pay@crispino.us | Jul 12, 2026 | Chart of Accounts, Liabilities, Terminologies
Represents amounts owed to government agencies for income, sales, or other taxes. Accurate calculation and timely payment prevent penalties. Reported as current liabilities.
by pay@crispino.us | Jul 9, 2026 | Assets, Chart of Accounts, Terminologies
Goods purchased for resale in retail or merchandising businesses. It is a current asset until sold, after which it moves to Cost of Goods Sold. Proper tracking helps maintain accurate gross profit reporting.
by pay@crispino.us | Jul 6, 2026 | Chart of Accounts, Liabilities, Terminologies
Interest accrued on loans or notes but not yet paid. It is a short-term liability until settlement. This keeps financing costs accurately recorded.
by pay@crispino.us | Jul 4, 2026 | Assets, Chart of Accounts, Terminologies
Interest earned but not yet received in cash. It arises from investments or loans. Recognizing this ensures revenues match the period earned.
