Economics

5 Minutes

Accounting

Aging Balance for Accounts Receivable and Payable

cleverlysmart.com April 2, 2021 1 Comment

Aging Balance in Accounting The aging balance is an accounting document that summarizes a certain amount of information concerning accounts receivable and accounts payable. It is very popular with companies because it allows to...

7 Minutes

Accounting

Balance Sheet | Definition, Structure, Example, Free Template

cleverlysmart.com March 23, 2021 0 Comment

Balance Sheet Balance sheet or financial statements is a statement that shows the value of a company’s assets and its debts. This is prepared by accountants to represent the financial situation of the company....

7 Minutes

Accounting

Bank Reconciliation and Examples

cleverlysmart.com March 22, 2021 0 Comment

Bank Reconciliation The bank reconciliation is a control, carried out by the accountant in order to bring the bank accounts as close as possible to the reality of the account statements, that is to...

23 Minutes

Economics

Economic Systems | List, Type and Explanation

cleverlysmart.com February 20, 2021 0 Comment

List of Economic Systems Economic systems are a social organization scheme for the production, distribution to consumption of goods and services. The economic systems can influence both politic and economic which make the standard...

Economics -7 Minutes

Economic Depreciation As A Concept

cleverlysmart.com February 20, 2021 0 Comment

Economic Depreciation Economic depreciation is a measure of the decrease in the market value of an asset over time due to influencing economic factors. This form of depreciation typically affects real estate, which can...

Accounting -6 Minutes

Accounting Journals | What are Journal Entries in Accounting?

cleverlysmart.com February 20, 2021 0 Comment

Accounting Journals To keep accounts, it is necessary to set up accounting journals, with necessarily a general journal which constitutes the legal support of the accounts. Most companies use for practical reasons several accounting...

11 Minutes

Accounting

Accounting Formulas | Definition, Calculation and Utility

cleverlysmart.com February 18, 2021 0 Comment

Accounting Formulas Accounting formulas are mathematical expressions used in financial accounting to calculate and analyze various financial metrics. These formulas play a crucial role in interpreting financial data, making informed business decisions, and ensuring...