business
What are the types of audit testing?
Different Types of Audit Test 1- Audit Substantive tests. 2- Risks Assessment tests. 3- Tests of Detailed Balances. 4- Dual Purpose Tests. 5- Analytical p...
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Business
business
What is the meaning of cost of revenue?
The term cost of revenue refers to the total cost of manufacturing and delivering a product or service to consumers. Cost of revenue information is found ...
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business
How do I find my posting key in SAP?
Step-1: Enter the transaction code OB41 in the SAP command field and click Enter to continue. Expand SAP Customizing Implementation Guide → Financial Acco...
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business
What causes decrease in retained earnings?
If the fair market value of an asset increases, the company can increase the asset’s value in the balance sheet, which increases the retained earnings. If...
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business
Is interest revenue asset/liability or equity?
Account Types Account Type Credit INTEREST EXPENSE Expense Decrease INTEREST INCOME Revenue Increase INTEREST PAYABLE Liability Increase INTEREST RECEIVAB...
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business
Why do we need Nostro accounts?
A Nostro account is a bank account that a bank holds with a foreign bank in the domestic currency of the country where the funds are held. It is used to f...
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business
What is cash credit account type in SBI?
A Cash Credit (CC) is a short-term source of financing for a company. It enables a company to withdraw money from a bank account without keeping a credit ...
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business
Is absorption costing unethical?
One of the most obvious unethical practices on an income statement reflecting absorption costing is the misrepresentation of true costs. Even if the value...
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business
What happens to the present value of the future cash inflows as the discount rate increases without limit?
As the discount rate increases without limit, the present value of the future cash inflows and why ? Gets smaller without limit, i.e, approaches minus inf...
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business
How much does a spinal cord injury cost?
Average yearly costs Severity of Injury First Year Each Subsequent Year High Tetraplegia (C1-C4) ASIS ABC $1,064,716 $184,891 Low Tetraplegia (C5-C8) $769...
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