Retained Earnings in Accounting

Retained Earnings in Accounting These funds are normally used for working capital and fixed asset purchases or allotted for paying of debt obligations. If your company pays dividends, you subtract the amount of dividends your company pays out of your net income....

Basis of accounting

Basis of accounting A small business may elect to avoid using the accrual basis of accounting, since it requires a certain amount of accounting expertise. Also, a small business owner may choose to manipulate the timing of cash inflows and outflows to create a smaller...