However, these courses are not required knowledge for the CB exam. The first step to becoming a certified bookkeeper is ensuring you’ve met all professional and educational requirements. Regardless of…
This is an example where the actual selling price and the average selling price don’t match exactly. It happens for several reasons, like introducing a lower-priced sale item to sell…
In the meantime, while looking for those opportunities, earning extra income on the spare cash makes sense. In fact, Apple, which has approximately $104 billion in cash, has the bulk…
This means that the investor has the right to buy 100 shares of Apple at $170 per share at any time before the options expire. The breakeven point for the…
Furthermore, you collect accounts receivable on time and pay accounts payable when due. Pvt Ltd has the following current assets and liabilities on its balance sheet dated 31st December 2019.…
Though business owners use net income, select department leads will be more specifically interested in how the actual product manufacturing and sales perform without considering administrative costs. On the other…
Once all accounts have balances in the adjusted trial balance columns, add the debits and credits to make sure they are equal. If you check the adjusted trial balance for…
Divided over 20 years, the company would recognize $20,000 of accumulated depreciation every year. These methods are allowable under generally accepted accounting principles (GAAP). Starting from the gross property and…
Fund accounting stems from the key difference between churches and businesses. It focuses on accountability and stewardship instead than profitability. For-profit entities have a general ledger (or a single self-balancing…
That said, if selling products rather than offering services is key to your self-employment, perhaps you’ve already implemented credit card processing. You can use this setup instead of your accounting…
kirana