Accounting Category: Equity

Accounting Articles

February 3, 2014

In the last article, we discussed partner capital accounts, contributions, and withdrawals, as well as the allocation of periodic income. Now we’ll look at how to account for the termination of a partnership.

January 26, 2014

Many of the accounting principles on this website apply to any type of company. In this series of articles, we focus on the basics of accounting for partnerships, a business entity formed by two or more owners that is less structured than a corporation.

December 16, 2013

Par value and no par value stocks exist and accounting for them may be different. In this article, we will review par value of stock, watered stock and sample journal entries to account for issuing stocks.

May 9, 2013

In our computerized world most accounting records are maintained in accounting software databases or spreadsheets, and accountants don’t think much in terms of general ledger or subsidiary ledgers like they did when most accounting records were maintained on paper. However, such concepts still exist. In this second part of the two-part article we will look at examples of accounts payable subsidiary ledger (i.e., accounts payable aging), inventory subsidiary ledger, and fixed assets subsidiary ledger.

July 2, 2012

Learn about stock splits and how they are different from stock dividends, view examples of stock splits and understand accounting for stock splits.

May 25, 2012

Learn about retained earnings and how retained earnings are determined.

May 14, 2012

Learn accounting for common stock issuance. Examples of common stock issued for cash and for non-cash consideration with journal entries are provided.

May 9, 2010

Account for cash dividends and stock dividends; differences between them.

April 6, 2010

Prepare balance sheet from trial balance in five easy steps. Format and elements of classified balance sheet.

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Accounting Categories
Accounting categories represent a collection of accounting guides and answers related to one accounting area.