What is solvency?
I track my inventory in an accounting software. We recently gave away a bunch of t-shirts and totes as promotional items. How do I update my inventory quantities and what is the journal entry for recording these items as promotional items and adjust the COGS? Thank you?
Do I have to pay capitol gains if I only own one property and I sell it?
What is a debtors control?
What is a balancing method?
What is a method that a business could use to check the credit rating of new customers?
How consistent is accounting among companies of the same industry?
What is the debt to equity ratio formula?
What is a one-off cost? Any examples?
How do you calculate variable costs per unit?
What is a credit limit?
What is a chart of accounts?
I've got a question about volume discounts. Should volume discounts be accounted for as a reduction of revenue, or should it be considered sales discounts and rebates?
What is a sinking fund?
Is it okay if the company pays off the retiring CEO son's home mortgage as a retirement money?
I keep the books for a California hair salon that serves free drinks to its customers. How do I record the cost of the drinks that are purchased?
If I make an over payment to a creditor, how do a classify that? As debtor or an overpayment?
I am thinking of starting a business. I am looking at buying to rental property. Would the property be classed as an asset in my accounts, or a liability until I have paid the mortgages?
What is the ledger folio column of a journal used for?
What is a decrease to net worth caused by day-to-day activities called?
How do I prepare a contribution-margin format income statement?
Why is it necessary to account for depreciation?
I recently purchased a bread route business and am wondering how to properly record the transaction in QB. There were no assets involved. I only purchased a territory to operate in. Cost of business was $160k I paid $46k cash $114k is bank financed How should this be recorded and what account types do I need to create? Any help would be greatly appreciated.?
What does an open budget index measure?
What is the revenue recognition principle?
