Posts Categorized: Bookkeeping

T Accounts

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Content Accounts Receivable Terminology Of Accounting Fundamental Accounting Equation Real World Example Of Double Entry You can see outstanding invoices owed by you or your customers. You will benefit from paying your bills on time and receiving payment for your products or services on time too. Accounts Receivable A trial balance simply means that totals […]

What Does Payment Mean?

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Examples of current liabilities include accounts payable, short-term debt, dividends, and notes payable as well as income taxes owed. If a company buys additional goods or services on credit rather than paying with cash, the company needs to credit accounts payable so that the credit trade payables definition balance increases accordingly. Accounts payable is a […]

Retained Earnings On The Balance Sheet

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Content Beginning Retained Earnings Stockholders’ Equity Are Retained Earnings Listed On The Income Statement? Impact From Net Income Gross sales represent the amount of gross revenue the company brings in from the price levels it sells its products to customers after accounting for direct COGS. Over time, retained earnings are a key component of shareholder […]

Cost Of Retained Earnings

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Content Business What Are Retained Earnings? How To Calculate Retained Earnings? Unit 14: Stockholders’ Equity, Earnings And Dividends Example Of Retained Earnings CRM CRM software helps businesses manage, track and improve all aspects of their customer relationships. It includes a very wide variety of applications focused on sales, marketing and customer service. CMS A content […]

What Is Ctc In India And How Does It Differ From Gross Salary?

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Content What Is Gross Income? Understanding Gross Income Q: What’S The Difference Between Net Pay And Gross Pay? Salary Vs Hourly Pay: What’S The Difference? Employee Retirement Saving Contributions What Is Gross Income? FICA payroll tax is 15.3 percent of your employee’s gross pay after pre-tax payroll deductions. This amount goes toward your employees’ Social […]

Most Important Elements Of A Business Income Statement

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For the companies we typically invest in, this number is not large unless they rack their own servers. Google of course does just that and has spent $4.8bn to date on its “factory”. Depreciation is the annual cost of writing down the value of your property plant and equipment. In fact, specific cash outflow events […]

Unpresented Cheques

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Single column cash-book has only a single money column on debit and credits both sides. It does not record the transaction-related, which involves banks or discounts. The transactions which are done on credit are not recorded while preparing the single column cash –book. The transactions which are done on credit are not recorded while preparing […]

Three Statement Financial Modeling

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Content (I)  Natural Person(S)’ Accounts Prepaid Expenses Accounting Nominal Or Temporary Accounts: Common Reasons For Prepaid Expenses What Type Of Account Is Prepaid Expense? (I)  Natural Person(S)’ Accounts Basically the more time and work the lawyer puts in, the bigger the percentage the lawyer will collect at the end. There are numerous and specific rules […]

Ratio Analysis Definition

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Gross Profit Margins Can Be Lower For A Startup Company Reporting just the latest dollar amounts makes it hard to compare the performances of companies of various sizes. Adding prior period figures, complete with percentage changes, helps to eliminate this problem. Comparative statements show in a common size balance sheet the 100 figure is the […]

How To Calculate Fees Earned In Accounting

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Content Normal Balance Examples What Is A Prepaid Expense? How Do You Record Adjustments For Accrued Revenue? Example Of Service Revenues As A Credit Learn More About The Financial Statements Also called financial accounting, this area of a company focuses on external companies that have expressed interest in the business. Employees create several financial statements […]