News

This is especially important when transactions often involve significant sums and extended payment terms. Accounts receivable refers to the outstanding invoices your company has, which represent the money owed to you by customers for goods or services that have been delivered but not yet paid for. Late payments aren’t always the buyer’s fault – the […]

In many cases, nonmetals form more than one binary compound, so prefixes are used to distinguish them. Binary ionic compounds are between a metal and nonmetal. This does not mean there are two atoms, but two types of atoms, so how do marketable securities impact a company’s financial statements Al2S3 is a binary ionic compound. […]

Overhead Absorption Rate Formula The variable product costs include all variable manufacturing costs (direct materials, direct labor, and variable manufacturing overhead). These costs are subtracted from sales to produce the variable manufacturing margin. As a result, these amounts must also be subtracted to arrive at the true contribution margin. Management must take into account all […]

Talk To A Bookkeeping Expert It’s sound practice to deposit all cash receipts in your bank account daily. Your cash disbursement journal can provide an up-to-date snapshot of these cash payments during a specific time period (e.g., quarter or year). Missing a journal entry can throw off your running balance and cause you to misread […]

Accounting for biological assets involves determining their fair value, a task that can be complex due to market fluctuations and the nature of the assets themselves. Consider the valuation of livestock, which must factor in market prices, expected yield, and other relevant elements. The challenges here include dealing with variable market conditions and assessing the […]