technology
What is leave allowance for running staff?
(iv) When running staff are on leave (including casual leave) they shall be paid their leave salary based on their basic pay plus 30% thereof and the othe...
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Technology
technology
How do you calculate projected profit?
Subtract the total cost from the gross income to determine the expected profit. If your cost of goods sold is $200 for 100 pieces and your total expenses ...
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technology
What is the difference between gross total income and net total income?
Gross income is the revenue generated from a business’s sales or an individual’s labor. Net income is the profit made from that revenue when total expense...
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technology
What happens during an FDA audit?
When the FDA conducts an inspection, the inspectors will look for a number of specific components within your Quality Management System (QMS): A quality p...
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technology
What accounting entries you need to pass in branch accounts?
Journal Entries of Branch Accounting #1 – Inventory – If the Head office transferred inventory of $1000 to its branch office, then below journal entries w...
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technology
How do currency traders make money?
In the foreign exchange market, traders and speculators buy and sell various currencies based on whether they think the currency will appreciate or lose v...
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technology
Is it better to have more inventory at the end of the year?
Contact an experienced tax planning accountant for assistance to ensure you avoid penalties. When operating a retail business, a company owner may purchas...
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technology
How do you calculate steel pipe fabrication per Dia inch?
Total joints of 4″ in it = 1(pipe with flange) + 1(pipe with elbow) + 1 (it is optional – if a pipe purchased is of 6m length then you need to weld pipe t...
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technology
What journal entries are passed as regard declaration and payment of dividend?
Journal entry at the time of declaration of dividends: When dividends are declared, the retained earnings account is debited and dividends payable account...
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technology
Is prepaid interest is current asset?
Interest expenses may be recorded on the balance sheet as current liabilities before they are expensed. Also, this expense can be recorded on the balance ...
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