Although term bonds have a low-interest return, they are relatively free of risk and they are tax exempt. Certain provisions within some term bonds provide the issuers of the bonds with the option of redeeming the bonds from the investors before the ... Read more
Temporary account balances do not have opening balances as they are zeroed out before the new period starts, for the new balances to flow in. These accounts include revenue accounts, expenses accounts, and withdrawal accounts. The assets, liabilities... Read more
A suspense account could also be a liability if it holds accounts payables that you don’t know how to classify. As the name suggests, a suspense account is an account that temporarily records amounts that are yet to have their proper accounts d... Read more
A person who receives goods or services from a business in credit or does not make the payment immediately and is liable to pay the business in the future is called a Sundry Debtor. Businesses use an account to track these transactions and they are c... Read more
For example, the general ledger account, Equipment, shows the historical cost of the total equipment owned by the firm. Since the company is using the perpetual method, a credit is made to Inventory.Jan. 31An adjusting entry is made to recognize insu... Read more
It has extensive reporting functions, multi-user plans and an intuitive interface. Sage 50cloud is a feature-rich accounting platform with tools for sales tracking, reporting, invoicing and payment processing and vendor, customer and employee managem... Read more
If a company they invest in makes a profit, then they also have a chance to make a profit as well. On the other hand, if a company does poorly, they will also have to face a loss. The amounts paid to the corporation by the original stockholders are r... Read more
Treasury stock, or reacquired stock, is a portion of previously issued, outstanding shares of stock that a company repurchased from shareholders. For example, unrealized gains or losses on securities that have not yet been sold are reflected in other... Read more
If this figure is negative, it may indicate an oncoming bankruptcy for that business, particularly if there exists a large debt liability as well. These are the shares that the company buys back, whether to prevent a rival from trying to take over th... Read more
Finally, the calculated value in cell B7, $1,216.65, is the balance in your savings account after five years. To find the compound interest value, subtract $1,000 from $1,216.65; this gives you a value of $216.65. Return on investment is a financial ... Read more
