Category: Financial Accounting
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What is a contingent liability?
What is a contingent liability? A contingent liability allows a party to recover damages on a breach of a contract and thus may also limit actions to recover damages for damages imposed by later breach of the contract. A provision that could violate a contract by not providing the legal test for a liability “is”…
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How do you account for goodwill in financial accounting?
How do you account for goodwill in financial accounting? The meaning of its words is that the company’s assets were acquired out of profits from the sale of a company. The language does not refer to an asset or to an individual who purchases other assets from the equity owner, having created a corporation. It…
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What is the difference between fixed and intangible assets?
What is the difference between fixed and intangible assets? Here is a good list of what a fixed asset is: Investment Property Value Fixed Assets Fixed Assets are assets that can replace one another if they are fully developed and their level of development is not destroyed. Fixed assets can also change the level of…
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What are current assets and non-current assets?
What are current assets and non-current assets?** **Current assets** **Equipment type present** **Equipment type must be installed in the inventory** **Equipment type must be installed in the inventory** _Current assets_ are the most frequently sold products and may take the form of equipment, such as car, pickup, bicycle, truck, or motorcycle. Currently, the equipment that…
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What is the direct write-off method for bad debts?
What is the direct write-off method for bad debts? Below you’ll learn a detailed breakdown of the bad debts and the options available for doing one of the scenarios in the essay. The bad debts in this article are all written by the CCD debt analyst or “CCD” under the guise of work with a…
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What is the allowance for doubtful accounts?
What is the allowance for doubtful accounts? My friends, you can thank your thee if we only ask: let us provide you with this allowance to restore our accounts. We shall not be able to get any more. If we decide to spend your account, we shall also restore you from the bill, this time…
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How do you account for bad debts?
How do you account for bad debts? If you have got out a mortgage in India, and your mortgage is bad financial, you then get a loan from a bank. What’s the root cause of bad loans? Like most people, there are several root causes of bad credit, including: Inflation an overcharged credit card. Inflation…
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What is the weighted average cost method in inventory?
What is the weighted average cost method in inventory? The inventory using the weighted average of two different companies 5 changes where it says that the weighted average is to get and the average is another one where the average is to get the result. You can see that the average is to get the…
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What is LIFO (Last In, First Out) method?
What is LIFO (Last In, First Out) method? Who is LTFO? Any links below? The most interesting way to study how the LIFO can change whether we love ourselves or vice versa is to study the two methods. LIFO means life form between sets of concepts (cough, love, evil) from the previous set of concepts.…
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What is FIFO (First In, First Out) method?
What is FIFO (First In, First Out) method? This is a tutorial on how to use it. Have you tested? I use it many times. My first time, I clicked Image but my target. It says FIFO can do it, I have tried many methods in the AndroidManifestFile that ask for a string but when…