Is depreciation on factory equipment a product cost?
Depreciation on production equipment is a manufacturing cost, but depreciation on the warehouse in which products are stored after being manufactured is a...
Category: General
What is considered long-term debt on a balance sheet?
Long-term debt is listed under long-term liabilities on a company’s balance sheet. Financial obligations that have a repayment period of greater than one ...
Can a baby be on grandparents insurance?
A: It’s unlikely you’ll be able to do so. The health law requires insurers and employers that cover dependents to make coverage available until children r...
What is purchases in accounting terms?
Definition: A purchase means to take possession of a given asset, property, item or right by paying a predetermined amount of money for the transaction to...
What is F4 key used for?
Open the address bar in the Internet Explorer and the Windows Explorer. Alt+F4 closes program window currently active in the Microsoft Windows. Ctrl+F4 cl...
Which is the book of original entry?
A book of original entry refers to an accounting book or journal where all transactions are initially recorded. This book can also be called a first entry...
What is line 4c on w4?
Extra withholding Line 4c: Extra withholding. If your employee wants to have additional tax withheld each pay period, they can enter the withholding amoun...
Do dividend payments reduce retained earnings?
When the dividends are paid, the effect on the balance sheet is a decrease in the company’s retained earnings and its cash balance. In other words, retain...
What are control accounts in accounting?
A control account is a summary account in the general ledger. It can also be referred to as an adjustment account or controlling account. The control acco...
What can small business claim as tax deductions?
The top 16 small business tax deductions Advertising and promotion. Business meals. Business insurance. Business interest and bank fees. Business use of y...
