Explain what Accumulated depreciation means. What is the allowance for uncollectible accounts? What does the term "adjusting entry" mean? Give an example. Define the cash disbursements journal. What is it used for? Do debits always increase an account? Explain what does it mean when you debit ...
What does the term "understated" mean in accounting? Define the term understated in accounting. What is meant by accrual accounting? Do debits always increase an account? Explain what does it mean when you debit an account. What is the difference between an inactive account and a dormant acc...
albeit at a relatively low rate compared to savings accounts or other investment options. Generally, interest-bearing checking accounts require the account holder to maintain a minimum balance to earn interest, and the rate may increase with higher balances. Interest is typically calculated...
The right goal will guide your process when you’re creating subscription packages and pricing levels. For instance, are you more interested in attracting high-value clients such as enterprise businesses, or do you want to increase your small-business client base? Or maybe you want to boost sal...
A ledger balance is the sum of your daily withdrawals and deposits. It shows the total amount of money in your bank account at the end of each business day.
During your first year with Discover, you could earn even more cash back with Cashback Match. Discover Cashback Match® means that we’ll automatically match all the cash back you’ve earned at the end of your first year. There is no limit to how much we’ll match.3...
really aren’t that hard—no matter your budgeting style: Avoid eating out, cancel unused or unnecessary subscriptions and considerswitching to a bank with no fees. For example, theDiscover Cashback Debitaccount and Discover Online Savings Account have no account fees, such as monthly maintenance ...
When the deliverable is realized, he "earns" the retainer (debit liability account, credit income) and if he fails to produce a deliverable, he returns it (debit liability, credit cash). There is no way to do this (and about a million other things) ...
When the consulting company provided the service, it would enter a debit of $5,000 in accounts receivable (debits increase an asset account) and a credit of $5,000 in the service revenues account (credits increase a revenue account). When the payment is made on Nov. 25, the consultant ...
Bitcoin makes money for investors through appreciation, the increase of an asset's market value. There's a lot going on behind the scenes in the Bitcoin network, so here's a detailed primer designed to help you further your understanding of this digital phenomenon. ...