Investors are any entities, companies, or people who commit capital with the expectation of receiving a profit in return which the investor hopes to do so with minimal risk. There…
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Accounts payable clerks make sure their company pays invoices and bills on time. They do this by reviewing them with a department head or following up directly with clients. Proven…
In accounting, carriage inwards and outwards are different types of expenses incurred by companies when they buy and sell goods. One charge is incurred when goods are procured from suppliers;…
The accounts payable clerk is the person who maintains the accounting duties for payables in an organization or company. Their main responsibilities include processing vendor invoices, reconciliation of accounts, receiving…
The accounting equation represents the relationship between the assets, liabilities, and owner’s equity of a person or business. The accounting equation is the foundation of double-entry accounting and sets the…
A capital expenditure (CapEx) is usually the payment of cash or credit to purchase long-term physical or fixed assets that are used in a business’s operations or to help improve…
Accounting concepts are fundamental ideas that are used in the accounting process to achieve accounting objectives. These 9 basic accounting concepts are internationally recognized, and universally accepted, and they assist…
Variable costs are expenses that change. Many business costs vary in proportion to production. In other words, if a business increases its product volume, its costs will increase accordingly. Conversely,…
Bank statements are official documents sent by banks to account holders every month. These documents summarize all the transactions that occurred during that period. Bank statements include bank account information…
Businesses expect accounting professionals to prepare balance sheets on a quarterly basis. Some types of businesses need them completed monthly. A balance sheet is a financial document that provides insight…
