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Why would companies increase revenue rather than reduce expenses?
Increasing revenue is indicative of a growing company. ALL companies should try to reduce expenses... regardless of growth.
What is the journal entry for paid in advance of the expenses for others company?
Expenses of other company is not recorded and it may be shown as loan to that company.
What is meant by reinbursed in accounting?
Reimbursment means to incur expenses on company behalf and then get back the incurred expenses from company.
What is the journal entry that are paid on behalf the expenses not belong to company expenses?
There is no general entry for those expenses which are not belongs to company's normal operating business activities and no entry required.
What are out of pocket expenses?
Out of pocket expenses are business expenses for which the individual who accrues these expenses is not reimbursed by the company they are employed by or from the business itself if they are the business owner.
What measures can a company take to reduce its break even point?
A company can reduce expenses, such as layoffs, or reducing the cost of necessary materials.
Why would companies increase revenue rather than reduce expenses?
Increasing revenue is indicative of a growing company. ALL companies should try to reduce expenses... regardless of growth.
Can advertisement reduce company income tax?
Yes, you can claim advertising expenses on your schedule C
How do you use the word reduce in a simple sentence?
I want to reduce my expenses.
Why does the 'successful efforts' accounting method for exploration costs result in a reduced net profit?
because the Company expenses unsuccessful efforts instead of capitalising them. And expenses reduce gross profit, and hence net profit.
How is a budget is made?
Figure out your income,List your expenses,Categorize your expenses,Determine if expenses are below income, and Reduce expenses in flexible categoris if nessecary.
Why did Jefferson reduce military expenses?
Jefferson reduced military expenses to lower the national debt
How is a budget made in steps?
Figure out your income,List your expenses,Categorize your expenses,Determine if expenses are below income, and Reduce expenses in flexible categoris if nessecary.
How do you reduce expenses?
By only spending on what you cant do without
What is the journal entry for paid in advance of the expenses for others company?
Expenses of other company is not recorded and it may be shown as loan to that company.
Why are fixed expenses difficult to reduce?
Fixed expenses pay for necessities like rent and utility bills.
Does rent expense affect net income?
Yes all expenses reduces the net income so does rent expense also reduce the net income of company.
