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What is principle of minimum expenditure?

The principle of minimum expenditure refers to the idea that economic decisions should aim to achieve desired outcomes with the least amount of resources or costs. This principle encourages efficiency in resource allocation, ensuring that funds are used wisely to maximize utility or benefits. It is often applied in budgeting, project management, and economic planning to minimize waste and optimize results. By adhering to this principle, organizations can enhance their financial sustainability and effectiveness.


What does Total unbilled activity mean?

In the credit card world, unbilled activity represents purchases or credits applied to an account since the last billing statement. Those purchase are 'waiting to be billed, at which time you will owe payment on.


What is the accounting concept or principle applied when an allowance is provided for estimated uncollectible accounts receivable?

Setting up an allowance for uncollectible accounts is an application of the Principle of Conservatism. The idea is that when there are uncertain outcomes, you don't want to make the company look "too good," because that might mislead financial statement users.


Where is hermetic balance?

Hermetic balance refers to the principle of equilibrium found in the Hermetic tradition, which emphasizes the interconnectedness of all things and the need for balance between opposing forces. This concept is often illustrated through the principle of polarity, suggesting that everything has its opposite and that harmony is achieved by balancing these dualities. In practical terms, hermetic balance can be applied in various aspects of life, including personal relationships, emotional well-being, and spiritual practices, encouraging individuals to find stability amid chaos. Ultimately, it highlights the importance of moderation and the unity of opposites in achieving a harmonious existence.


Who issues credit invoice?

A credit invoice, also known as a credit memo, is typically issued by a seller or a service provider to a buyer. It serves to document a reduction in the amount owed by the buyer, often due to returns, overpayments, or discounts. The credit invoice is used to adjust the buyer's account balance and can be applied to future purchases.