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2 posts tagged with accounting by edjusted.
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Double-entry accounting for non-dummies

In a modern accounting system that uses double-entry accounting, I believe each line on an Income Statement reflects one or more GL account period *totals*, correct? Does that also apply to Purchases/Cost Of Goods Sold? [more inside]
posted by edjusted on Sep 20, 2012 - 10 answers

Why doesn't this Cash Flow Statement seem right? Is it me?

I'm helping a friend go over some financials of a small business . I have a *little* accounting training but am definitely not in accounting. My question is about indirect Cash Flow Statements. In the attempt to understand Cash Flow Statements enough to help, I'm running into a roadblock about Net Income and my understanding of how it's applied to the Cash Flow Statement. [more inside]
posted by edjusted on Nov 4, 2010 - 7 answers

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