Month: February 2021


What Are Adjusting Entries? Definition, Types, and Examples

As per convention and some laws, business organizations report the results and financial position of the business to the owners at least once in a year. The correctness of such profit or loss and financial position depends on the proper…

Sober living

How to Taper off Alcohol Safely and Effectively

Treatment is the best way to ensure long-term abstinence from alcohol. This is especially true if you are suffering from an alcohol use disorder. Addiction alters the chemical balance in a person’s brain, making it extremely difficult to quit drinking…


Accounting Equation Assets = Liabilities + Equity

Receivables arise when a company provides a service or sells a product to someone on credit. So, let’s take a look at every element of  the accounting equation. Cash (asset) will reduce by $10 due to Anushka using the cash…