In accounting, how do you account for contingencies? What is an income summary account and the purpose? What do you understand by payroll accruals? Explain what accounts are credited when goods are sold on an account. What is the difference between a T account and a Trial balance?
How do you do budgeting in accounting? What is in allowance for uncollectible accounts in accounting? What is a general journal in accounting? What do notes payable become in an accrual basis? What are monthly accruals in accounting? What is shown on a balance sheet in accounting?
It might seem odd to add back depreciation/amortization since it accounts for capital spending. The reasoning behind the adjustment is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes FCF a useful instrument for identifyi...
Contrary to popular belief, there is more than one method to write a good resume. There are several alternative layouts, and each is meant to highlight a particular portion of the resume. Depending on your specific skill set or work experience, one format may be more suitable to highlight ...
financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant an...
Only pays cashback accruals quarterly: This can be a bummer if you want immediate gratification. Rakuten will also only issue a cashback payment if you have accrued at least $5, which is meant to encourage you to use Rakuten more often. If you don’t meet that minimum by the end of the...
Question: What is meant by segregation of duties in accounting? Duties: Duties are obligations or responsibilities that one must carry out. These tasks are often assigned and are expected to be completed. For instance, every citizen has a duty (responsibility) to abide by the law. ...
How would a payment for rent paid in advance be classified? What is the difference between bills payable and account payable? What features may characterize a capital lease? What do you understand by the total assets ratio? What's the difference between accounts payable and receivable? Explain....
What is another name for an accrued liability? What are liabilities? Define what is meant by contingent liability. What three categories are used to classify a contingent liability? Give four emaples of a contingent liability. (a) What is a liability? (b) Give examples of liability accounts....
Explain what is meant by bonds being issued at a premium and at a discount. Explain the term "accounts payable". What do you understand by accrued rent? What do you understand by the term creditor in accounting? Describe redeemed bonds. ...