What are the Usages of Expense Account?
Accounting

What are the Usages of Expense Account?

The expense account concept has two different symbolism. One involves take a trip and entertainment bills, and the other is really a more general concept…
What is Journalizing?
Accounting

What is Journalizing?

Journalizing is the process of recording a business transaction in these accounting records. This activity only pertains to the double-entry bookkeeping method. The steps associated…
How do You Calculate Average Accounts Receivable?
Accounting

How do You Calculate Average Accounts Receivable?

The average accounts receivable figure is required in certain situations avoiding measurement problems. An enterprise typically includes it is ending accounts receivable balance in a…
What is Check Kiting?
Accounting

What is Check Kiting?

Check kiting is the deliberate issuance of your check for which there isn’t sufficient cash to cover the stated quantity. The mechanics on this fraud…
What are Profitability Ratios?
Accounting

What are Profitability Ratios?

Profitability ratios are a set of dimensions used to find out the ability of a business to create earnings. These ratios are considered to be…
How do You Account for Accrued Rent?
Accounting

How do You Account for Accrued Rent?

Accrued rent is either the volume of unpaid rent owed by way of renter, or the volume of unpaid rent not necessarily yet collected because…
What is Market Value Ratios?
Accounting

What is Market Value Ratios?

Market value ratios are employed to evaluate the actual share price of an publicly-held company’s share. These ratios have employment with current and potential investors…
What are Market value ratios?
Accounting

What are Market value ratios?

Market value ratios are used to calculate the actual share price of an publicly-held company’s investment. These ratios have used with current and potential investors…
What is contingent asset?
Accounting

What is contingent asset?

A contingent asset is generally a possible asset that may arise caused by a gain that will be contingent on future events which have been…
What is the imprest system?
Accounting

What is the imprest system?

The imprest system is definitely an accounting system for spending and subsequently replenishing petty cash. Petty cash is usually a small reserve regarding cash kept…
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