Good will is the excess of the purchase price for the company as a whole over the current price of the net asset acquired by the acquirer. This is commonly referred to as purchased goodwill. It is a premium paid …
The major industries in the healthcare sector includes : Health Services. The health services industry consists of providers of health services, including medical practices, hospitals, clinics, nursing homes, home healthcare agencies, and hospices. Health Insurance. The health insurance industry , …
Introduction to Chart of Accounts A chart of accounts is a listing of the names of the accounts that a company has identified and made available for recording transactions in its general ledger. A company has the flexibility to tailor its …
What are debits and credits? Debits and credits are terms used by bookkeepers and accountants when recording transactions in the accounting records. The amount in every transaction must be entered in one account as a debit (left side of the …