Monthly Archives: December 2020

There’s often an option to view all the transactions within a particular account, too. A standard COA will be a numbered list of the accounts that fill out a company’s general ledger, acting as a filing system that categorizes a company’s accounts. It also helps with recording transactions and organizing them by the accounts they […]

However, different accounting methods can adjust inventory; at times, it may not be as liquid as other qualified current assets depending on the product and the industry sector. This section is important for investors because it shows the company’s short-term liquidity. According to Apple’s balance sheet for fiscal year 2023, it had $143 million in […]