science
What POS do most restaurants use?
7 best restaurant POS systems Toast POS. Toast POS provides a full-on point of sale system specifically designed for restaurants. Lightspeed POS. Lightspe...
Jan 04, 2026 1 views
Browsing Resource
Science
Expert insights and detailed technical documentation about Science.
science
What type of account is discount received account?
Discount received is an income , hence it is a nominal account. When discount received are deducted? Crediting discount received has the effect of reducin...
Jan 03, 2026 0 views
science
Is arsenic expensive?
~ In its pure form, arsenic costs $320 per 100g. ~ Arsenic compounds were mined by the early Chinese, Greek, and Egyptian civilizations. No doubt they dis...
Jan 03, 2026 0 views
science
Is trading account and profit and loss account same?
The trading account gives information related to profit earned or loss through various trading activities. Whereas the profit and loss, account determine ...
Jan 03, 2026 0 views
science
Is accounts payable credit or debit?
As a liability account, Accounts Payable is expected to have a credit balance. Hence, a credit entry will increase the balance in Accounts Payable and a d...
Jan 03, 2026 0 views
science
What type of account is cash float?
In general, cash float refers to the difference between the cash balance recorded in your accounting system’s cash account and the amount of cash showing ...
Jan 03, 2026 0 views
science
Where is opening balance in trial balance?
The opening balance is the amount of funds in a company’s account at the beginning of a new financial period. It is the first entry in the accounts, eithe...
Jan 03, 2026 0 views
science
What is included in prime cost?
A prime cost is the total direct costs of production, including raw materials and labor. Indirect costs, such as utilities, manager salaries, and delivery...
Jan 03, 2026 0 views
science
What is the adjustment for accrued expenses?
Usually, an accrued expense journal entry is a debit to an Expense account. The debit entry increases your expenses. You also apply a credit to an Accrued...
Jan 03, 2026 0 views
science
What is training need analysis process?
Definition: Training Needs Analysis (TNA) is the process in which the company identifies training and development needs of its employees so that they can ...
Jan 03, 2026 0 views
science
What is a retail price example?
Retail price = [cost of item ÷ (100 – markup percentage)] x 100. For example, if you want to price a product that costs you $15 at a 45% markup instead of...
Jan 03, 2026 0 views
science
Can you name some of the transactions that can be recorded in the sales journal and purchases journal?
a purchases journal to record ALL CREDIT PURCHASES. a cash receipts journal to record ALL CASH RECEIPTS. a cash disbursements journal to record ALL CASH P...
Jan 03, 2026 0 views
