Prepaid expenses refer to those expenses which were already paid but these will be incurred in the future. Thus, this can be attributed to an advance payment and is considered as an asset until such time that this will actually be incurred....
Accounting refers to the systemic process, which includes generally standard forms of recording transactions and making financial reports. Accounting is a branch of study that facilitates running the business hassle-free and keeping track of expenses and profits. ...
if the accounting system is set up with a miscellaneous expense account that later is broken into more detailed accounts, it then would be difficult to compare those detailed expenses with past expenses of the same type. In this respect, there is an advantage in ...
Recall thatBuilding Blocks of Managerial Accountingexplained the characteristics of fixed and variable costs and introduced the basics of cost behavior. Let’s now apply these behaviors to the concept of contribution margin. The company will use this “margin” to cover fixed expenses and hopefully t...
Concerning the value relevance of specific signals, Mexican companies that are able to control the level of selling and administrative expenses relative to the level of sales and able to maintain their gross margins have higher returns.Texas A&M University.Juarez Valdes, Luis Felipe....
Yes they are Period to date, Quarter to date and Year to Date but you read them like the following when working inside Oracle E-suite (accounting software) for example.PTD means amounts entered in a specific month (month mentioned for each line of PTD) until last post to GL so PTD of...
1. Explain how you made the decision to pursue an education in Business or Finance. Include a summary of expenses related to that decision, such as: cost of tuition, cost of books, the interest you ma What role does the following factor play in the decision regarding whet...
Here Debit what comes in and Credit what goes out.Personal Account : All accounts relating to Individuals, Firms, Companies etc... falls under Personal Account.Here Debit the Receiver and Credit the Giver.Nominal Account : All accounts relating to Incomes and Expenses.Here Debit all Expenses ...
Explain how to get cash in short term bank debt from the balance sheet. Explain how to list equipment accounting expenses with assets and liabilities. Explain how to make a balance sheet with just profitability ratios. Name and describe one solvency ratio. What does this ratio measure? What is...
aRecognizes revenues when earned and expenses when incurred in support of revenues. 认可收支,当赢得和费用时,当招致支持收支时。[translate] aConnect with Paul and meet over 15 million members worldwide who have a passion for travel and do what they love. 正在翻译,请等待...[translate] ...