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Mike Medwin's Articles in College

  • All About Revenue and Receivables
    In most businesses, what drives the balance sheet are sales and expenses. In other words, they cause the assets and liabilities in a business.
  • All About Personal Accounting
    If you have a checking account, of course you balance it periodically to account for any differences between what's in your statement and what you wrote down for checks and deposits.
  • Get To Know The Bookkeeping Basics
    Most people probably think of bookkeeping and accounting as the same thing, but bookkeeping is really one function of accounting, while accounting encompasses many functions involved in managing the financial affairs of a business.
  • Learning Basic Accounting Principles
    Accounting has been defined as, by Professor of Accounting at the University of Michigan William A Paton as having one basic function: "facilitating the administration of economic activity.

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