Expert insights and detailed technical documentation about Global Affairs.
Tools or Techniques of Financial Statement Analysis Comparative Statement or Comparative Financial and Operating Statements. Common Size Statements. Trend...
The journal entry is to debit a “Release of Restriction — Temporarily Restricted” account and credit “Release of Restriction — Unrestricted” account. Note...
When a corporation buys back some of its issued and outstanding stock, the transaction affects retained earnings indirectly. Since both retained earnings ...
Sources of finance for business are equity, debt, debentures, retained earnings, term loans, working capital loans, letter of credit, euro issue, venture ...
A company will debit bad debts expense and credit this allowance account. The allowance for doubtful accounts is a contra-asset account that nets against ...
In an asset sale of your company, you keep the accounts receivables as well as the cash on hand and the accounts payable accounts. You can maintain the fi...
9 limitations of accounting are; Recording only monetary items. Time value of money. Recommendation of alternative methods. Restrain of accounting princip...
Step 1: Identify the products that are the chosen cost objects. Step 2: Identify the direct costs of the products Step 2: Identify the direct costs of the...
shareholder’s equity It’s important to note that retained earnings are an accumulating balance within shareholder’s equity on the balance sheet. Once reta...
Closing Income Summary Create a new journal entry. Select the Income Summary account and debit/credit it by the Net Income amount noted from the Profit an...
LAMAs include: Incruse® (umeclidinium), Take once daily using Ellipta®. Seebri® (glycopyrrolate), Take twice daily using Respimat. ® Spiriva® (tiotropium)...
Accounts payable is a liability account, not an expense account. However, under accrual accounting, the expense associated with an account payable is reco...
