What is the difference between an invoice and a voucher?
One part is the check and the other two parts are the vouchers for the payee and issuer for their...
What Is Present Value? Formula and Calculation
For a lot of people, the balance sheet is one of the hardest financial statements to get to grips with....
Understanding Liquidity and How to Measure It
So, while volume is an important factor to consider when evaluating liquidity, it should not be relied upon exclusively. For...
Marginal Cost: Meaning, Formula, and Examples
Under absorption costing, the stock of finished goods and work-in-progress is valued on the basis of total cost, comprising of...
Matching Concept in Accounting: Work, Examples, Use & Benefits
Application of matching principle results in the deferral of prepaid expenses in order to match them with the revenue earned...
What is a Gearing Ratio? Definition, Formula, Calculation and Examples
Understanding these dynamics is essential for making informed corporate finance decisions that align with the company’s long-term objectives. From a...
EOQ Formula and Guide to Economic Ordering Quantity
If the mathematical figure gives 9/10th of a lorry or rail wagon load, it is better to increase the quantity...
Free Small Business Profit and Loss Templates
Use a restaurant food inventory template to help account for food in your operating expenses. Access a variety of free financial planning...
Net Present Value NPV with Inflation and Taxation: A Simple Explanation
However it’s determined, the discount rate is simply the baseline rate of return that a project must exceed to be...
Understanding Net Receivables: Calculation, Significance, and Strategies for Improvement
Compute the total amount of estimated uncollectible debts and then make the adjusting entry by debiting the bad debts expense...