What is Paid-in capital?

Definition Paid-in capital refers to capital raised by the company against the sale of its equity. There are two components of paid-in capital. These components … Read more

Monetary Unit Principle

The monetary unit principle states that all the transactions and business events should be recorded in currency form. It means that a business can record … Read more

What is a trial balance?

Trial balance is the listing for all the balances obtained from general ledgers; it’s an ending balance obtained from the general ledger and used to … Read more