There are two major types of accounting which include financial accounting and managerial accounting.
Posts tagged as “Balance Sheet”
Sale-and-leaseback is a transaction when the business sells a particular Fixed Asset and immediately lease that asset back.
Debt factoring is the process of a business selling its debt to a debt factoring company. The debt factoring company buys the unpaid invoice for cash.
Overdraft is when the bank agrees to let the business spend more money than the business has in its official bank account.
All business organizations need accounting systems. This makes finance one of four core business functions.