If there is tendering and private companies provide services, we shall be giving them a blank cheque. On this basis, producers and eventually their customers, are being asked to sign a blank cheque. Many researchers can now make stem cells by reprogr... Read more
According to anERP Software Market Outlookstudy conducted in 2019 by the Allied Market Research, the ERP software market is projected to grow at CAGR of 10.2% from 2019 to 2026. W., "Ensuring ERP implementation success," Information Systems Managemen... Read more
Plugging in the information that you have from the parts maker, there are 300 partially completed units. The accountant first finds out how many units have been finished and sent out. Since these items are 100% complete, each unit sent out is one equ... Read more
We want to increase the asset Supplies and increase what we owe with the liability Accounts Payable. Metro purchased supplies on account from Office Lux for $500. We want to increase the asset Cash and increase the equity Common Stock. Transactions i... Read more
However, equity originally involves a notion of a share or an appropriation, and accordingly an equitable distribution of business profit among its stakeholders should have been considered. The amount of equity (shareholders’ equity) cannot be ... Read more
For example, George approaches his employer, Ben, for a payroll advance. George and Ben are good friends outside of work, so Ben agrees to an advance of $700, even though company policy states that advances top out at $500.... Read more
The journal entry puts the van on the books by increasing the balance in the asset account. It reduces the balance in the cash account with a credit for the same amount. Double-entry accounting is the foundation of financial management at most busine... Read more
The best way to understand how it works is to use your own numbers and try building the schedule yourself. The most common types of depreciation methods include straight-line, double declining balance, units of production, and sum of years digits. Ca... Read more
You may feel more at ease with face time with a partner in a smaller firm. Be aware that large firms sometimes contract out work to smaller accounting firms -- so make sure you ask who will be handling your account. An accounting firm will offer an h... Read more
On the income statements of publicly traded companies, an item called investment income or losses is commonly listed. This is where the company reports the portion of its net income obtained through investments made with surplus cash instead of being... Read more
