Increasingly, warehouses and the retail sector adopt perpetual inventory methods. A periodic system is only helpful if the business is small-scale and the inventory count is low, or if the…
For more comprehensive utility and revenue management tools, Yardi is a good choice, while Buildium may be best suited what is a credit card cash advance and the associated fees…
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The biggest problem students have with this topic is confusing purchase and sale transactions. I have had students do the problem perfectly, except they give me the journal entries for…
Other names used for this equation are balance sheet equation and fundamental or basic accounting equation. Individual transactions which result in income and expenses being recorded will ultimately result in a profit…
By separating each value into parts, experts can improve the thought of how the profit is utilized, reinvested in the business, or kept in real money. This oversight becomes more…
If payroll isn’t automated, you have to run it manually on schedule a couple of days before payday, entering worker pay amounts and scheduling paydays. I could also use filters…
Despite its limitations, the scattergraph method can be a useful preliminary tool for understanding cost behavior, especially when combined with other methods for more rigorous analysis. All the data must…
On the right hand side of the account Staubus recorded the value of the output of the activity. If however the output is sold to a customer, the output is…
For instance, if the company purchased a building 20 years ago in an up-and-coming area, the historical cost of the building is much less than its replacement cost. Replacement Cost…