Accounting Archives - Page 3 of 3 - The Comic Accountant

Net assets explained

30/12/2022Sam HarithAccounting

(net assets – 5 minute read) Hi there accounting fans! We’re back with more hard hitting accounting facts! Net assets, also known as net worth or equity, represent the difference between a company’s assets and liabilities. In other words, it’s the value of everything a company owns, minus everything it owes. How to calculate net

Capital and operating expenses – what’s the difference?

30/12/2022Sam HarithAccounting

(capital expense – 5 minute read) Hi there accounting fans! Another question that I hear a lot is the difference between capital and operating expenses. The difference between the two isn’t always clear cut. However, they do have different treatments for tax purposes, so its important to get the classifications correct. Here’s what you need