Oojeema

Author name: Lumeng Lim

Understanding Financial Ratios for Your Business.

Financial ratios are a useful tool for analyzing your company’s financial health and performance. By comparing financial metrics, financial ratios can help you see into your company’s liquidity, solvency, profitability and efficiency. You can calculate many financial ratios based on data from your income statement and balance sheet. The different financial ratios gives you different …

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How to Prepare a Trial Balance

A trial balance is a tool used in accounting to verify that the total value of all debit entries in a company’s general ledger equals the total value of all credit entries. This is an important check to ensure the accuracy and completeness of your company’s financial records. If you have heard of T-Accounts, imagine …

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