What Is a Cheque, And What Is It Used For?
A cheque is a payment arrangement between two individuals or organisations. So, when you write a cheque, you…
What Are Liabilities? A Definitive Guide For Nigerians
Liabilities are debts or responsibilities owed to another individual or entity. A liability, for example, can be as…
What Is An Invoice? A Detailed Guide
As a business owner, you should be familiar with the crucial paperwork and procedures that connect you to…
Why Direct Deposit is the Best Way to Receive Your Paycheck
In this modern, technology-driven society, the move towards digitization is more prominent than ever, and receiving salaries via…
What Is Inventory? Understanding How Inventory Works In Accounting
Businesses track and maintain their inventories in order to have a ready supply of items to meet their…
What Is Opportunity Cost?
Making decisions regarding where to set up shop, what to sell, and who to sell to are all…
What Is Liability? Understanding How Liability Works
Accounting is a critical component of running a successful business. Business executives can ensure fiscal stability by closely…
What Is A Trial Balance In Accounting?
A trial balance is a method that accountants use to ensure that the general accounting ledger is correct…
Capital Expenditure: Meaning and How To Calculate
Capital expenditure (CAPEX) is the amount of money spent by a company to develop its long-term assets or…
TYPES OF ACCOUNTANTS: 11 Types of Accountants & What They Do
Accounting is a broad field that encompasses many different disciplines. Accountants, on the other hand, are responsible for…