Basics 4 min read
How to Post to Your Accounting Ledger
A general accounting ledger is a collection of your chart of accounts. It is where all of your accounting journal…
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General Concepts 2 min read
Basics of Polystyrene Production
Polystyrene is a widely used polymer. After production of the monomer, from one of a few processes, the monomer proceeds…
Basics 10 min read
How to Record Accounting Journal Entries
What is a Journal Entry? A journal entry is the primary record of all financial transactions of a business in…
Basics 2 min read
Double Entry Bookkeeping Advantages
Most medium and large businesses use a double entry system which tracks their income and expense AND their assets and…
Basics 2 min read
Single Entry vs Double Entry Bookkeeping:
There are two basic ways to record your financial transactions: Single entry bookkeeping can used by small businesses where a balance…
Basics 3 min read
Accounting Principles
A number of basic accounting principles have been developed that are the basic building blocks that form the basis for…
Basics 19 min read
Improving Profits
A company’s accounting records and financial statements are based on accounting principles, concepts, detailed rules, etc. For example, because of…
Basics 17 min read
Debits and Credits Explained in Detail
If the words “debits” and “credits” sound like a foreign language to you, you are more perceptive than you realize—”debits”…
General Concepts 9 min read
Key Factors of Insulation
Three major factors play an important role in determining insulation type and thickness. Here, we’ll focus on resolving the thickness…