environment
What is preference share short answer?
Preference shares are shares in a company that are owned by people who have the right to receive part of the company’s profits before the holders of ordin...
Jan 01, 2026 1 views
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Environment
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environment
What are the contra asset accounts?
Contra asset accounts include allowance for doubtful accounts and accumulated depreciation. Contra asset accounts are recorded with a credit balance that ...
Jan 01, 2026 0 views
environment
How many GAAP are there?
ten GAAP principles The ten GAAP principles The accountant adheres to these rules and regulations as a standard, on a regular basis. This is one of the ma...
Jan 01, 2026 0 views
environment
Can a non-profit organization have a savings account?
Can a nonprofit organization have a savings account or a CD? A: Yes, nonprofit organizations can certainly have different types of bank accounts. The key ...
Jan 01, 2026 0 views
environment
What does long term lease mean?
Long-term lease means any lease of real or personal property (other than a Capitalized Lease) having an original term, including any period for which the ...
Jan 01, 2026 0 views
environment
How do you write acknowledgements for chemistry project?
I wish to thank my parents as well for their undivided support and interest who inspired me and encouraged me to go my own way, without whom I would be un...
Jan 01, 2026 0 views
environment
How can a company with net profit show a negative cash flow?
You can make a net profit and have negative cash flow. For example, your bills might be due before a customer pays an invoice. When that happens, you don’...
Dec 31, 2025 0 views
environment
What is the journal entry of proposed dividend?
The journal entry to record the declaration of the cash dividends involves a decrease (debit) to Retained Earnings (a stockholders’ equity account) and an...
Dec 31, 2025 0 views
environment
Are cost of sales and net sales the same?
Net sales is the result of gross revenue minus applicable sales returns, allowances, and discounts. Costs associated with net sales will affect a company’...
Dec 31, 2025 0 views
environment
What is the difference between overhead and cost?
Operating expenses are those that a business incurs as a result of its normal operations. Overhead expenses, on the other hand, are what it costs to run t...
Dec 31, 2025 0 views
environment
Is trial balance always the balance?
A trial balance is thus a list of all the debit and credit balances in the general ledger accounts. If all the individual double entries have been correct...
Dec 31, 2025 0 views
environment
Why does the accounting equation always hold true?
The reason why the accounting equation is so important is that it is always true – and it forms the basis for all accounting transactions. At a general le...
Dec 31, 2025 0 views
