Paying the dividends reduces the amount of retained earnings stated in the balance sheet. Simply reserving cash for a future dividend payment has no net i...

Increase Sales An increase in sale, while lowering expenses, may increase the percentage of return on assets. Increasing sales to impact on ROA requires a...

Run a Reconciliation Discrepancy report Go to the Reports menu. Hover over Banking and select Reconciliation Discrepancy. Select the account you’re reconc...

The general ledger contains all debit and credit entries of transaction and entry for the same is done in different account mainly, there are five types o...

Because cash sale of goods are recorded in cash book whereas credit sale of goods are recorded in sales book. Where do you record cash purchases? Cash pur...

In addition, operating budgets show expenses as they affect the income statement. Capital budgets cover capital expenses, which are capitalized and appear...

ABC was first defined in the late 1980s by Kaplan and Bruns. It can be considered as the modern alternative to absorption costing, allowing managers to be...

The criterions/rules to define a Journal as ‘International’ are: i. One-quarter (25%) of the editorial board/ associate or assistant. ii. Significance of ...

In the theory of capital structure, internal financing is the process of a firm using its profits or assets as a source of capital to fund a new project o...

The absorption of overheads is not done based on the overheads incurred but based on some predetermined rates for absorption of overheads. Absorprtion of ...