These details belong to the billpayer and ideally should be made available as a matter of routine. The structure of this accounting process can only operate as designed when a full complement of information is submitted to the advertiser. At this poi... Read more
Ideally, you want most of your accounts receivable balance to be in this column because it means most of your customers pay on time. In a perfect world, all your customers would pay on time — or even early — and you would have no need for accounts re... Read more
If you live in France, Germany, or the Netherlands, you must be at least 16. Please check your local law for the age of digital consent. If you don’t meet these age requirements, you may not use the Services. Help us keep you informed and Your ... Read more
Therefore, variable costing is used instead to help management make product decisions. Fixed overhead is treated as a period cost and does not vary as the volume of inventory changes. This results in income increasing in proportion to sales, which ma... Read more
The concept of a premium is usually used in the context of bonds and stocks to refer to the difference between the stock or bond’s par value and the value it actually sells for. Some other scenarios for triggering a capital surplus include when... Read more
All outstanding payments due to vendors are recorded in accounts payable. As a result, if anyone looks at the balance in accounts payable, they will see the total amount the business owes all of its vendors and short-term lenders. Every purchase tran... Read more
It shows any capital the owner put into the business, any withdrawals made as a salary, and the net income or net loss from the current period. This is one reason the income statement has to be prepared first because the calculations from that statem... Read more
