What is Reserve Recognition Accounting

As soon as a business discovers oil or gas, it reports the value of the oil or gas on the balance sheet and on the income statement.

Please join us on Facebook we appreciate your feedback. We really would like to hear from you.

We appreciate your comments and suggestions, and look forward to serving your needs in the future. It is our goal so serve up the very best in account and finance education.

Please join us on Google+ this will go a long way in helping us spread the word.