What is merchandise inventory?

Merchandise Inventory is the term frequently asked. Retailers, wholesalers, and distributors earn money by obtaining items from manufacturers or other suppliers and then marketing, or … Read more

Is retained earnings an asset?

It is the most frequent question being asked by accounting learners, “Is retained earnings an asset?” Typically, retained earnings reflect a corporation’s earnings from its … Read more

Asset vs. Expense

For an effective business management, it’s necessary to understand asset vs. expense. So, If you have started up a business or already have one, you … Read more