Content What Is Current Ratio and How to Calculate It Profitability Retained Earnings Find your net income (or loss) for the current period What Is an Uncollectible in Accounts Receivable? For example, suppose total net income falls lower than debts and dividends. In that case, a company will eventually run out of funds to cover

Content Recording a bill in accounts payable Easy Way to Understand Accounting Terms Why Do Assets and Expenses Both Have a Debit Balance? But while we might hear them a lot, that doesn’t mean debits and credits are simple concepts—it can be tricky to wrap your head around how each classification works. But as a