business
How are audit risks identified?
4 tips to identify audit client risks Don’t be afraid to ask questions. Know your client’s industry and their transaction cycles. Identify your client’s c...
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Business
business
What is the treatment of advertisement suspense account?
advertisement suspense account written off treatment…during retirement of a partner. Advertisement Suspense Account is the part of accumulated losses, the...
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business
What is the difference between ROE and ROC?
Return on equity (ROE) measures a corporation’s profitability in relation to stockholders’ equity. Return on capital (ROC) measures the same but also incl...
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business
How long is a fiscal period?
How Many Days Are in a Fiscal Year? Most typically, there are 365 days in a fiscal year. What is a fiscal period in accounting? A fiscal period is the tim...
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business
Why the sales ledger control account has a credit balance?
Balance in sales ledger control account is the balance of debtors at the year end and balance in purchases ledger control account is balance of creditors....
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business
Should every business buy an ERP system?
For many growing businesses, it’s not a matter of if they’ll need enterprise resource planning (ERP) software, but when. As a company grows, so does its a...
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business
Is preliminary expenses asset or liability?
Also known as pre-operative expenses, preliminary expenses are shown on the asset side of a balance sheet. The portion which is written off from the gross...
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business
What are the features of Bangladesh?
The physiography of Bangladesh is characterized by two distinctive features: a broad deltaic plain subject to frequent flooding, and a small hilly region ...
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business
How do you find the net price?
Multiply the discount rate by the list price to get the discount amount: Discount = Trade discount rate × List price. Subtract the discount from the list ...
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business
Is interest an investing cash flow?
Interest and dividends received or paid are classified in a consistent manner as either operating, investing or financing cash activities. Interest paid a...
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