Learn what a contra liability account is, how it functions in financial accounting, and explore examples of this essential component in balancing liabilities.

When you receive your credit card bill, you'll notice two different balances: the statement balance and the current balance. Conventional wisdom says that you should always pay off your statement ...

In a study at the National Institutes of Health entitled "Work-Life Balance: Weighing the Importance of Work-Family and Work-Health Balance," the researchers made several fine observations about ...

When you want to know a company’s financial health, it helps to look at its balance sheet. But if you’ve never seen a balance sheet before or don’t know how to read one, all you’ll see is a collection ...

A balance sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholder's equity. A balance sheet is a type of financial statement. It gives you an ...

Stressed? Try one of these four strategies to improve your work/life balance today. Hint: You already use them every day at work. Analyze the opportunity costs of different activities and determine ...