opinion
Can you write off AP?
Accounts payables are the credit nature class shown under the current liabilities section of the statement of financial position. Accounts payables cannot...
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Opinion
opinion
What type of expense is rates and taxes?
direct expenses Rent, rates and taxes is an example of direct expenses. What is rates and taxes in accounting? Rates and Taxes are the charges or fees whi...
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opinion
Who is the richest person in Uganda today?
Top 10 Richest Men In Uganda Sudhir Ruparelia – Net Worth: $1.2 Billion. Karim Hijri – Net Worth: $800 Million. Alykhan Kharmali – Net Worth; $700 Million...
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opinion
How is cost information useful for determining selling price?
(1) How cost Accounting helps in determining the Selling Price? – Cost accounting provides detailed and relevant cost figures for determining the sellin...
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Who should sign a petty cash receipt?
custodian The custodian of petty cash should sign the receipt to indicate that he authorized the funds. However, you should also have the recipient sign t...
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Can I carry over a business loss?
When you suffer a business loss, you first offset any current income with that loss. Any loss in excess of current income becomes a net operating loss (NO...
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What direction are the plates moving?
The explanation is that plates move in a rotational manner. The North American Plate, for example, rotates counter-clockwise; the Eurasian Plate rotates c...
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opinion
What is provision for tax?
What is a tax provision? Tax provisioning is the process of estimating the amount that a business expects to pay in income taxes for the current year. Thi...
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opinion
What is total asset turnover?
The total asset turnover ratio compares the sales of a company to its asset base. The ratio measures the ability of an organization to efficiently produce...
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opinion
What are brands that start with J?
BRANDS BEGINNING WITH J J.Crew Factory. J.Crew Factory Crewcuts. J.Crew Men’s Shop. Jack & Jones. Jacob’s Well. Jade Forest Day Spa. Jamba Juice. Jers...
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