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Subsequent Event

An event (e.g., a transaction, business or financial) that takes place after the end or close of the accounting/ reporting...

Notes To Financial Statements

Notes which provide clarification and additional information about specific items in the statement of income (P&L), statement of cash flows,...

Footnotes

Notes which provide clarification and additional information about specific items in the statement of income (P&L), statement of cash flows,...

Explanatory Notes

Notes which provide clarification and additional information about specific items in the statement of income (P&L), statement of cash flows,...

Condensed FS

A financial statement (FS) that lays out a minimum content for interim financial reporting requirements. This is meant to provide...

Condensed Financials

A financial statement that lays out a minimum content for interim financial reporting requirements. This is meant to provide a...

Unearned Revenue

A revenue that an entity/ a business has not yet earned. In other words, it refers to all amounts received...

Contra Revenue Account

A contra account for revenues, i.e., a revenue account that has a debit balance, rather than the credit balance of...

Contra Revenues Account

A contra account for revenues, i.e., a revenues account that has a debit balance, rather than the credit balance of...

Condensed Financial Statement

A financial statement that lays out a minimum content for interim financial reporting requirements. This is meant to provide a...