The term “Ba3/BB-” is a credit rating that indicates that a company or entity is a “speculative” or “junk” grade issuer, and is considered to be a higher risk investment. This credit rating is given by Moody’s Investor Service and Standard & Poor’s (S&P), two of the major credit rating agencies. Are BB rated bonds … Read more

T-Account: Definition, Example, Recording, and Benefits.

T-Account: Definition, Example, Recording, and Benefits What are the 5 types of accounts? 1. Cash Accounts 2. Checking Accounts 3. Savings Accounts 4. Money Market Accounts 5. Certificates of Deposit What is debit and credit in T-account? In accounting, the terms “debit” and “credit” refer to two different types of entries that are made into … Read more

What are non-operating expenses?

The concept of non-operating expenses or non-operations refers to the outflow of money from a company for unexpected reasons, which are not included in the daily routine of the business. In general, they are occasional payments that do not have a direct relationship with the company's corporate purpose or with its ordinary activities. In every … Read more