Window Dressing
Window dressing refers to the deliberate manipulation of financial statements to make a company’s performance appear more favourable than it actually is. This may involve delaying expenses, inflating revenues, or adjusting asset values to attract investors or lenders.
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Withdrawals (Owner’s Drawings)
Withdrawals refer to funds or assets taken out of the business by the owner for personal use. These are recorded…
Working Trial Balance
A working trial balance is an internal report prepared before finalising financial statements. It includes all ledger accounts and adjustments,…
Work Order Accounting
Work order accounting tracks the costs, materials, and labour associated with specific projects or manufacturing jobs. It helps determine actual…
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