How do you balance off in accounting? However, when accounts consist of both debit and credit entries, the following procedure should be used to balance off these accounts: Add up the amounts on each side of the account to find the totals. Enter the larger figure as the total forRead More →
This special tariff voucher can be used by customers who want to keep their plans active. The telco allows discounted call rate of 45 paise per minute, 2GB free data and a total of 100 free SMS to any network for the entire validity period. What is STV plan? BharatRead More →
For shareholders, dividends are an asset because they increase the shareholders’ net worth by the amount of the dividend. For companies, dividends are a liability because they reduce the company’s assets by the total amount of dividend payments. Are dividends included in financial statements? Cash or stock dividends distributed toRead More →
(d) Log phase. Hint: This is the phase of equilibrium when the birth rate is equal to the death rate of a population similar to that geographical area that neither belongs to the plain nor to the mountain. What is natality and mortality rate? Natality: Natality refers to the numberRead More →
New Balance shoes are usually true-to-size whereas Nike sneakers often run small. Is New Balance sizing the same as Nike? If you are coming from a Nike and looking for a true to size fit, you should consider sizing down on your New Balance. For instance, if you wear aRead More →
Accumulated depreciation accounts are asset accounts with a credit balance (known as a contra asset account). It is considered a contra asset account because it contains a negative balance that intended to offset the asset account with which it is paired, resulting in a net book value. Is accumulated depreciationRead More →
Understanding Spillover Effect An example of the spillover effect is the US-China trade war. China had been the second-largest trade partner of the US, after Canada. The interdependency of US-China trade increased over a period of time. However, the US imposed heavy tariffs on Chinese goods since early 2018. WhatRead More →
Current assets include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets. Current assets are important to businesses because they can be used to fund day-to-day business operations and to pay for the ongoing operating expenses. Is marketable securities an investing activity? Investing activitiesRead More →
The income statement shows you how profitable your business is over a given time period. And the balance sheet gives you a snapshot of your assets and liabilities. Together, they’re a financial force to reckon with. How are income statement and balance sheet connected? Connection Between the Balance Sheet andRead More →
Balance refers to the “hang” of the garment. If a garment is balanced, it will hang straight, rather than twisting or having folds. When creating patterns you need to do the following to make sure your pattern will be balanced: correctly mark the pattern grain on the pattern pieces. WhichRead More →