Prepaid expense is an expense you had paid for in advance. Think of your EZ link card. You top up your EZ link card with

What is expense Payable?  No! Expense Payables are not expenses! There! i said it and let this sink into your head. They are current liabilities.

POA tuition is one of the strenuous teaching sessions to be conducted based on personal opinion. The subject matter is dry. POA tuition is not

Definition and reasons for depreciation  Depreciation of assets is the loss in value of the assets. The reasons for it is due to   Usage Wear

Allowance for impairment loss on Trade Receivable is a contra asset account. A contra asset account is the ‘Opposite’ of an asset account. Do not

How can you do well in Principles of Accounts (POA)? In principles of accounts (POA), there are a few methods to learning it. Some methods

The main basic of double entry in accounting must be well understood. I had been emphasizing too many a times that DEBIT is not always

Concept of Prudence In principles of accounts POA, we often mentioned about prudence concept. The definition states that the business is not to overstate assets

“CAD, MAS and Acra launch joint probe into Hyflux and its directors”  Going concern concept states that the business is assumed to be on going