Financial data are most often recorded using a technique called double-entry accounting. This method relies upon a mathematical construct called the accounting equation. Any time an adjustment is made ...

Bonds and notes payable are two types of debt that companies can access to raise capital. Technically speaking, both are written agreements between the company and the lender defining how much will be ...

Companies that use debt financing must disclose the financial terms of each promissory note on their balance sheets and income statements in accordance with Generally Accepted Accounting Principles ...