The accounts payable ledger tracks all of the expenses that your business has incurred and that must still be paid. If you have a high volume of payable activity, the specifics can easily be lost in a ...

You write off your uncollectable accounts by establishing a bad debt expense account and an allowance for doubtful accounts. These accounts include the dollar amount of uncollectable accounts you ...

If one company owns another company in its entirety, or controls more than 50% of its voting stock, the owned or controlled company is known as a subsidiary. When acquiring a subsidiary, there are two ...

Commodities broker Refco Inc., struggling with daily revelations in an accounting scandal, said Thursday it will freeze customers’ accounts in one of its subsidiaries for 15 days because the unit may ...

Apple's idea for an "e-wallet" iPhone application would allow subsidiary accounts for children, complete with customizable spending limits and restrictions. Apple's interest in the concept was ...