education
What is a good equity to assets ratio?
The higher the equity-to-asset ratio, the less leveraged the company is, meaning that a larger percentage of its assets are owned by the company and its i...
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Education
education
Can you get pregnant with retained products of conception?
Most women who receive treatment for RPOC can still get pregnant and have healthy pregnancies. In rare cases, uterine scarring may cause fertility problem...
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education
What is mean by general reserve?
General reserve is referred to as the reserve fund that is created by keeping aside a part of profit earned by the business during the course of an accoun...
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education
What does period mean in accounting?
An accounting period is the span of time covered by a set of financial statements. This period defines the time range over which business transactions are...
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education
What does the budget of the planning process encompass?
Planning is often the first step in setting up a company. Budgeting documents how the overall plan will be executed month to month and typically includes ...
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education
What is the Journal entry for advance received?
Journal Entry for Income Received in Advance Income A/C Debit Debit the decrease in income To Income Received in Advance A/C Credit Credit the increase in...
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education
How did Mississippi get the nickname hospitality state?
Mississippi has been so well-known for having great hospitality, they decided to give the state a nickname based on this! The Mississippi Coat of Arms is ...
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education
Why is ledger scrutiny done?
Ledger scrutiny is part of audit procedures, like vouching, posting etc. The scrutiny is required in all type of audit whether the same is Internal Audit,...
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education
Can drawings account be credited?
A drawing account is a contra account to the owner’s equity. Because a cash withdrawal requires a credit to the cash account, an entry that debits the dra...
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education
Who uses third party administrators?
A third-party administrator is a company that provides operational services such as claims processing and employee benefits management under contract to a...
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