por AdmTuaula | May 3, 2023 | Bookkeeping
Under the rules of Section 404(a)(5), the bonus would generally be deductible by X Co. during 2013, because it will be paid within 2 ½ months of year-end (see discussion above) and economic performance has occurred. An additional opportunity to deduct accrued...
por AdmTuaula | Mar 9, 2023 | Bookkeeping
Accounts Payable and Note Payable are accounting terminologies that every business should understand. A deep understanding of how each of these concepts works can help the business to make informed decisions that will change the narrative of their operations. Accrued...
por AdmTuaula | Sep 29, 2022 | Bookkeeping
An operating expense is any cost related to primary business operations like the sale of goods and services. For example, you would include rent, utilities, wages, supplies, and other overheads. Non-operating expenses are any costs that are related to secondary...
por AdmTuaula | Jun 23, 2022 | Bookkeeping
Doing so improves the consistency of the percentage of completion results over time. In this article, I have tried to cover all the methods to calculate the percentage of completion in Excel. Take a tour of the practice workbook and download the file to practice by...
por AdmTuaula | Abr 19, 2022 | Bookkeeping
Recall that financing activities are those used to provide funds to run the business. Common items in this section of the statement include the payment of dividends, issuance of common or preferred stock, and issuance or payment of notes payable (see Figure 5.18)....
por AdmTuaula | Abr 6, 2022 | Bookkeeping
This resulted in non recognition of expenses incurred but not paid for during an accounting period (i.e. accrued expenses) and the charge to income statement of expenses paid in respect of future periods (i.e. prepaid expenses). Application of matching principle...
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