by webf | Apr 23, 2021 | Bookkeeping
Not only do service companies have no goods to sell, but purely service companies also do not have inventories. If COGS is not listed on a company’s income statement, no deduction can be applied for those costs. For example, the weighted average can result in a...
by webf | Apr 6, 2021 | Bookkeeping
Assets are items of economic value that can be converted into cash or cash equivalents. So, if you want to know the amount a customer is expected to pay on a particular date, you’ll need to refer to your Customer’s Account in your general ledger. Similarly, you...
by webf | Apr 6, 2021 | Bookkeeping
Assets are items of economic value that can be converted into cash or cash equivalents. So, if you want to know the amount a customer is expected to pay on a particular date, you’ll need to refer to your Customer’s Account in your general ledger. Similarly, you...
by webf | Apr 6, 2021 | Bookkeeping
Assets are items of economic value that can be converted into cash or cash equivalents. So, if you want to know the amount a customer is expected to pay on a particular date, you’ll need to refer to your Customer’s Account in your general ledger. Similarly, you...
by webf | Apr 5, 2021 | Forex Trading
If the sub-account for the domestic ownership of foreign assets increases, the overall financial account increases. If the sub-account for the foreign ownership of domestic assets increases, the overall financial account decreases. Thus, the overall financial account...
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