By Joyanne James. Do you know the difference between the sounds of the words paw, pore, poor and pour? These four words are homophones in some varieties of English such as in Caribbean countries. In other varieties, only pore, poor and pour have the same sound. This fun activity should …

The Income Statement is the next step in the Accounting Cycle after the Trial Balance is finalised. It is one of 3 financial statements that is prepared by an accountant. The other 2 are Balance Sheet and Cash Flow Statement. It reports whether a business makes a profit or a …

Income is money that a business acquires that is earned, unearned and contributed. It has a credit balance in the ledger accounts when it increases and a debit balance when it decreases. Earned money is acquired for work done when selling goods and rendering services. Unearned money is acquired through …

It is very concerning to see your child celebrate a 7th birthday and still cannot read fluently. At this age, a child is expected to achieve basic reading skills that is applied to many story books in attempt to read better. This foundation prepares a child for lessons in vocabulary, …

The Trial Balance is the 4th step in the Accounting Cycle. It is the nail-biting moment for students of accounting. It tells you a lot about your performance thus far, and can leave you feeling frustrated or relieved when you’re done. Writing up a Trial Balance is very simple. It …