What is the number 1 private university in Malaysia?
List of Private Universities in Malaysia No. Name of university Location 1 Multimedia University (MMU), Cyberjaya Cyberjaya / Melaka / Johor 2 Universiti ...
Category: General
What does the cost principle state?
The cost principle, also known as the historical cost principle states that assets should be recorded at their original cost, rather than their current ma...
Why Accumulated depreciation is credited?
Accumulated depreciation has a credit balance, because it aggregates the amount of depreciation expense charged against a fixed asset. This account is pai...
How do you find service revenue on an income statement?
The first step is to subtract the cost of services from net service revenue, giving you the company’s gross profits. Then you add up your operating expens...
What are the importance of cost to an organization?
Costs play a huge role in determining profit of an organisation, as profit is calculated after eliminating costs from our revenue. IMPORTANCE OF COSTS: He...
What is a trade discount series?
A discount series, also called a chain discount or trade discount series, occurs when multiple discounts are offered on the same item. For example, a 10/6...
What is meant by stock audit?
Stock audit, in general usage is considered as an important auditing term which refers to the physical verification of the inventory. In other words, stoc...
What assets can be turned into cash?
A cash equivalent is an investment with a short-term maturity that can be quickly converted to cash, such as stocks, bonds, and mutual funds. Liquid asset...
How do you calculate degree of operating leverage?
Calculating the Degree of Operating Leverage The degree of operating leverage can also be calculated by subtracting the variable costs of sales and dividi...
What does a liquidator do?
A liquidator takes control of a company when it can no longer pay its debts in full. The liquidator will close premises, help staff make redundancy claims...
