Examples of Accounting for Suspense Accounts. An accountant uses a suspense account, a temporary account in the business chart of accounts, for recording all or part of a transaction that she ...

The note corresponds to a debit note in an accounting log, serving as a record of a revision. Business-to-business transactions use both debit and credit notes.

Examples of Accounting Problems With T-Accounts. T-accounting is a method used by accountants and bookkeepers that gets its name from the T shape formed by the two columns used to record entries.

Should a small business use a cash or accrual accounting method? A CPA answers with examples.

Accounting and financial reporting standards for state and local governments that address nonexchange transactions achieved their purpose, according to a new report.

The Securities and Exchange Commission has approved the Public Company Accounting Oversight Board s new standard on auditing related party transactions and significant unusual transactions.