The need for Adjusting entries in Accounting

The need for Adjusting entries in Accounting

The adjusting entries in accounting Adjusting entries are made specifically to update the initial recording of accounting data. There are two instances in which adjusting journal entries are required before the release of financial statements: Certain expenses or revenues have not…

 What is Budgeting? Benefits-Process and Types

What is Budgeting? Benefits-Process and Types

What is budgeting? Budgeting is essential to financial well-being. Being an student, you always budget your study time and your money. Families budget income and expenses. On the other hand, Governmental agencies budget revenues and expenditures. While businesses create budgets…