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…
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?
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?
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?
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?
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?
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…
Explain Cost benefit principle with examples?
The cost benefit principle clutches that the cost of providing information via the financial statements must not go beyond its effectiveness to readers. This is…
Explain the difference between variable and absorption costing
Variable and absorption costing are usually two different costing methods. Most successful companies on earth use both the techniques. Variable costing and absorption costing are…
What is High-low point method?
High-low point method is often a technique used in order to divide a merged cost into their variable and set components. Sometimes it will be…
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