Archives: Ron Pearson


Ron Pearson

Ron Pearson, the plant economist, has extensive experience in the preparation of accounting in the company, is engaged in document circulation, preparation and sending of accounting and tax reports to regulators, a specialist in the preparation of training programs, an online consultant on issues of finance, accounting, and reporting. Email:, Phone: 484-995-5921

What Are Permanent Accounts?

Typically, permanent accounts have no ending period unless you close or sell your business or reorganize your accounts. All income statement balances are eventually transferred to retained earnings. In accounting, a permanent account refers to a gene... Read more

Liquidity Ratio Definition & Meaning

It indicates that the company is in good financial health and is less likely to face financial hardships. Notice that the cash ratio is much smaller than the other two ratios. In analyzing the cash ratio, any ratio greater than 0.5 is considered good... Read more

Rules Of Debit And Credit

Third, the opposite holds true for liability, revenue, and equity accounts. The mnemonic for remembering this relationship is G.I.R.L.S. Accounts which cause an increase are Gains, Income, Revenues, Liabilities, and Stockholders' equity.... Read more

Taxpayer Identification Number Tin

As the business owner applying for the EIN, you must have a valid taxpayer identification number, such as a Social Security number or individual taxpayer identification number. Check the list of questions above to see if your business qualifies for a... Read more

A Beginner’s Tutorial To Bookkeeping

Bookkeeping offers much lower barriers to entry, and the competition you face in the job search is less fierce. There are critical differences in job growth and salaries between the two. Growth for accountants and auditors is expected to continue for... Read more