Brokerage: Definition, Types, Functions, How to Choose

Brokerage services play a pivotal role in the world of finance, serving as intermediaries that connect buyers and sellers in various markets. Whether you’re a seasoned investor or a newcomer to the financial landscape, understanding the basics of brokerage is crucial. In this blog post, we’ll provide an insightful overview …

Income Statement: Definition, Meaning, Format, Template in Excel, Example, Sample, Formula, Importance

Each financial statement focuses on specific financial information. Often, stakeholders prioritize profitability when analyzing a company’s performance. The primary source of information related to that comes from the income statement. What is the Income Statement? The income statement, or the profit and loss statement (P&L), is a fundamental financial document …

Unearned Rent: Definition, Meaning, Accounting, Journal Entry, Example

Landlords often demand tenants pay them rent in advance. For the tenant, it is a prepayment or asset. However, the landlord must recognize it as unearned rent. Before understanding the accounting treatment, it is crucial to know what unearned rent is. What is Unearned Rent? Unearned rent, or deferred rent …

Capital Addition: What It Is, Meaning, Example, Accounting, Journal Entry

Companies follow a strategy that ensures profitability and future growth. As a part of this strategy, they decide how to run their operations. Usually, it also entails assessing the assets required to run those operations. If needed, companies can go through capital addition to support activities. What is Capital Addition? …