Cumulative Translation Adjustment – CTA Definition

The net effect is the business recorded revenue of USD 6,500 and received only USD 6,100, recording a total foreign currency transaction exchange loss of USD 400 (250 + 150). Since the amount has now been settled the exchange loss has now been realized. It should be...

Bad Debt Expense

Accounting Simplified One other important journal entry you need to understand to get the most out of QuickBooks 2012 when working with accounts receivable is how to estimate bad debt expense. You must determine the most appropriate bad debt estimation method to use...