culture
What goes on an income statement?
Once referred to as a profit-and-loss statement, an income statement typically includes revenue or sales, cost of goods sold, expenses, gross profits, tax...
Dec 30, 2025 0 views
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culture
Are gross income and adjusted gross income the same?
Your adjusted gross income (AGI) is equal to your gross income minus any eligible adjustments that you may qualify for. These adjustments to your gross in...
Dec 30, 2025 0 views
culture
What is the need of consignment sales?
Advantages of consignment selling It allows a seller (manufacturer) to place merchandise in wholesale and retail outlets for additional exposure to the bu...
Dec 30, 2025 0 views
culture
How do you make money as the owner of a nonprofit?
Non-Profit Income Nonprofits generate income from a number of sources. Fundraising is the most common method of obtaining operating capital. This includes...
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culture
Who prepares the master budget?
The budget committee usually develops the master budget for each year, guided by the budget director, who is usually the controller of the company. They u...
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culture
Which record is used in the preparation of the balance sheet?
Balance sheets are prepared with either one or two columns, with assets first, followed by liabilities and net worth. What comes first balance sheet or pr...
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culture
Which institute is best for CA in the world?
TICAI-The Institute of Chartered Accountants of India TICAI-The Institute of Chartered Accountants of India. The Institute of Chartered Accountants of Ind...
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culture
How do you record bonus in accounting?
Accruing Bonuses in the Financial Records Post a debit to your employee bonuses account for the total amount of the accrual, followed by a credit to the b...
Dec 29, 2025 0 views
culture
What are fixed and floating charges company law?
A fixed charge is a charge which relates to specific assets of a company. A company cannot dispose the property without the consent of the charge holder. ...
Dec 29, 2025 0 views
culture
Does accounts payable go on trial balance?
Payables lists and subtotals the invoices by the Accounts Payable Liability account. This fully paid invoice does not show up on the trial balance but Pay...
Dec 29, 2025 0 views
culture
Is a consolidated balance sheet the same as a balance sheet?
A Balance Sheet is a document of the financial situation of a company, while a Consolidated Balance Sheet is a statement showing the financial status of m...
Dec 29, 2025 0 views
culture
How do I give permission to a file?
The chmod command enables you to change the permissions on a file. You must be superuser or the owner of a file or directory to change its permissions….Ch...
Dec 29, 2025 1 views
