Adam Hill

author
Adam Hill started accounting and trading back in 2007. He has achieved quite a lot of success. Now he decided to open his blog. Here he publishes articles on accounting. For any questions of interest, please contact us by e-mail: admin-hill@online-accounting.net
What Is Process Costing?

What Is Process Costing?

Finally, the value of using a process costing system is to collect data to make improvements in your business. The first dollars spent in a process costing system are for materials. That’s because you purchase materials before you pay workers to do s...
The Matching Principle
How Do You Find The Vertical Analysis Of An Income Statement?
Common Business Liabilities To Know

Common Business Liabilities To Know

She is an expert in personal finance and taxes, and earned her Master of Science in Accounting at University of Central Florida. Taxes payable are the amount of taxes due to the government entities. After the final payment, a debit entry is passed to...
Matching Principle Definition

Matching Principle Definition

What is the difference between revenue and gains? Both revenues and gains are inflows of net assets. However, revenues occur in the normal course of operations, whereas gains occur from transactions peripheral to the central activities of the company...