By: umer kheyam
Accounts payable are amounts a company owes because it purchased goods or services on credit from a supplier or vendor. Accounts receivable are amounts a company has a right to collect because it sold...
View ArticleBy: COSTERO
Loan is money borrow from a bank wheras profit is money recieved after subtraction expenses from revenue.
View ArticleBy: Noel
Can you please name some account payable program, management guidelines and policies. and Thank you for this opportunity to learn. your answers are very simple to understand and straight forward. God...
View ArticleBy: Ayan
Hi, i have a query relating to the SAP FInance section. Can you please provide the definition of Vendor/Supplier Receivables? Is it same as Account Receivables? Thank you.
View ArticleBy: Umer kheyam
what is Capital budgeting,money market,and common market? please Responce me any body cleat it to me
View ArticleBy: Receivable payable | Kidoscomputer
[...] What is the difference between accounts payable and accounts …Accounts payable are amounts a company owes because it purchased goods or services on credit from a supplier or vendor. Accounts...
View ArticleShould a cash discount be recorded as a reduction to an expense?
Yes, a cash discount should be a reduction to an expense. After all, accountants define cost as the cash amount (or cash equivalent amount) at the time of the transaction. To illustrate, let’s assume...
View ArticleWhat is a noncurrent asset?
A noncurrent asset is an asset that is not likely to turn to unrestricted cash within one year of the balance sheet date. (This assumes that the company has an operating cycle of less than one year.) A...
View ArticleWhy is income received in advance a liability?
Under the accrual method of accounting, income that is received in advance is a liability because the company that received the money has not yet earned it and it has an obligation (a liability) to...
View ArticleWhat is an overdraft?
An overdraft usually refers to a checking account where the amount of checks presented to the bank for payment exceeds the amount on deposit. When this occurs we say that the checking account customer...
View ArticleWhat is a trial balance?
A trial balance is a bookkeeping or accounting report that lists the balances in each of an organization’s general ledger accounts. (Accounts with zero balances will likely be omitted.) The debit...
View ArticleWhat is an incremental cost?
An incremental cost is the increase in total costs resulting from an increase in production or other activity. For instance, if a company’s total costs increase from $320,000 to $360,000 as the result...
View ArticleWhat is a variable cost?
A variable cost is a constant amount per unit produced or used. Therefore, the total amount of the variable cost will change proportionately with volume or activity. Generally, a product’s direct...
View ArticleWhat are semivariable costs?
Semivariable costs are costs or expenses whose behavior is partially fixed and partially variable. Semivariable costs are also referred to as mixed costs. A common example of a semivariable cost is the...
View ArticleWhat is ROI?
ROI is the acronym for return on investment. Originally the objective of ROI was to relate a return (the income statement benefit) to the amount invested (such as the asset information from the balance...
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