What is the book value of bonds payable? What is the difference between wages and salary? Related In-Depth Explanations Adjusting Entries Balance Sheet Bookkeeping Debits and Credits Working Capital and Liquidity Mark the Question as Read Advance...
Other payable: payable to union funds 3. staff education funds Staff education fund refers to the expenses paid by enterprises for their staff to learn advanced technology and raise their cultural level. The staff education fund is based on the total salary, and the ratio is 1.5%, ...
Payroll is compensation a business must pay to its employees for a set period or on a given date. It's usually managed by the accounting orhuman resourcesdepartment of a company but small business payrolls might be handled directly by the owner or an associate. Payroll is increasingly outsource...
What are salary expenses in accounting? What are monthly payables in accounting? What is the true balance for an expense account in accounting? On a company's trial balance, what are the accounts payable? What offsets accounts receivable on the balance sheet? What kind of account is paid-in...
This is the fixed amount of money an employee earns before any bonuses or deductions. The basic salary is fixed and is determined based on the employees’ experience, role and industry standards. Basic salary forms the basis for other parts of your compensation, like allowances and bonuses, wh...
No. Labor is the work carried out by human beings, for which they are paid in wages or a salary. Labor is distinct from assets, which are considered to becapital. How Are Current Assets Different From Fixed (Noncurrent) Assets?
accounts receivable — the money your customers owe you — and the inventory you expect to convert to cash within 12 months.Short-term liabilitiesinclude accounts payable — money you owe vendors and other creditors — as well as other debts and accrued expenses for salary, taxes and other ...
the letter shows that Andrew has worked at his company for five years. The letter also shows his annual salary. This figure is a good indicator that the monthly payments on the car will not be a burden for Andrew. The dealership weighs this with the fact that Andrew is putting a deposit...
Another instance where you can take funds from your life insurance is with an accelerated death benefit rider. This allows a policyholder diagnosed with a terminal illness to withdraw funds to assist with medical bills and other related costs. ...
Basically, you want a positive gross income to ensure that the cost of goods is not more than the income generated from selling those goods. General expenses General expenses may include operational business costs like rent, salary, utilities, supplies, and non-operational costs such as marketing...