global affairs
What is the simplest method of depreciation?
Straight-line depreciation. With the straight line is a very common, and the simplest, method of calculating depreciation expense. In straight-line deprec...
Jan 01, 2026 0 views
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global affairs
Is it better to have more fixed costs or variable costs?
A company with greater fixed costs compared to variable costs may achieve higher margins as production increases since revenues increase but the costs wil...
Dec 31, 2025 0 views
global affairs
How do you record accrued interest on notes payable?
Interest that has occurred, but has not been paid as of a balance sheet date, is referred to as accrued interest. Under the accrual basis of accounting, t...
Dec 31, 2025 0 views
global affairs
Is interest income a debit or credit?
Account Types Account Type Debit INTEREST EXPENSE Expense Increase INTEREST INCOME Revenue Decrease INTEREST PAYABLE Liability Decrease INTEREST RECEIVABL...
Dec 31, 2025 0 views
global affairs
Is interest payable credit or debit?
Account Types Account Type Debit INTEREST EXPENSE Expense Increase INTEREST INCOME Revenue Decrease INTEREST PAYABLE Liability Decrease INTEREST RECEIVABL...
Dec 31, 2025 0 views
global affairs
What are two major activities of a merchandising business?
Purchases and sales of merchandise are the two major activities of a merchandising business. When cash is received for a sale on account within the discou...
Dec 31, 2025 0 views
global affairs
What is the best time tracking software?
Add it all up to create your own rating of the best time tracking software and make your own top to test before choosing one. Paymo. Harvest. TSheets. Tog...
Dec 31, 2025 0 views
global affairs
What decreases cash flow?
Inventory change: An increase in inventory hurts cash flow; a decrease helps cash flow. Inventory is usually the largest short-term (or current) asset of ...
Dec 30, 2025 0 views
global affairs
Is fixed deposit an asset or liability?
Fixed Deposit is an asset . It may be classified under the group of Long Term Investments . But it can be turned to cash in a short time! What is a fixed ...
Dec 30, 2025 0 views
global affairs
What is difference between fund flow analysis and cash flow analysis?
Fund flow refers to the working capital of the company, and a fund flow statement is prepared to visualize the changes in working capital of the company o...
Dec 30, 2025 0 views
global affairs
What is a debit to accounts payable?
When you pay off the invoice, the amount of money you owe decreases (accounts payable). Since liabilities are decreased by debits, you will debit the acco...
Dec 30, 2025 0 views
global affairs
What is audit report and its types?
There are four types of audit reports: and unqualified opinion, a qualified opinion, and adverse opinion, and a disclaimer of opinion. An unqualified or “...
Dec 30, 2025 0 views
