Bullbear Buffett

Keep INVESTING Simple and Safe (KISS)***** Investment Philosophy, Strategy and various Valuation Methods***** Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.

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Showing posts with label prepayment. Show all posts
Showing posts with label prepayment. Show all posts
Monday, 10 April 2017

Accounting for a Major Project Lasting 4 Years in the Construction Sector

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In accounting, costs must be fairly matched to sales. This is so that the costs of the goods actually sold, and only those costs, are bro...
Wednesday, 13 January 2016

Accruals, prepayments, accrued income and deferred income.

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The accruals or matching concept states that we recognize an income or expense in the income statement in the period in which it is earned ...
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