by Website Manager | Aug 29, 2023 | Bookkeeping
An incorrectly high turnover ratio can also be caused if cash-on-delivery payments made to suppliers are included in the ratio, since these payments are outstanding for zero days. The accounts payable turnover ratio is a short-term liquidity measure used to quantify...
by Website Manager | Sep 5, 2022 | Bookkeeping
Shares are legal documents that give the ownership of a corporation to the shareholder. While there are formation fees, filing fees, and annual state fees, you will have a lower insurance cost to balance it out. A corporation is a legal business entity that the...
by Website Manager | Jun 28, 2021 | Bookkeeping
Unlike liabilities, equity is not a fixed amount with a fixed interest rate. For every transaction, both sides of this equation must have an equal net effect. Below are some examples of transactions and how they affect the accounting equation. For example, if a...
by Website Manager | Aug 28, 2020 | Bookkeeping
It is important to note that the exact process for recording accrued expenses may vary depending on the accounting system and specific accounting policies of the company. Some companies may also use estimates to record accrued expenses if the exact amount is not known...
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