Financial Statements

you dont lol haha

its something like credit debit transactions trial balance

totalasset less intangible assets and total outside liabilities ; also called net tangible assets. Intangible assets include nonmaterial benefits such as goodwill, patents, copyrights, and trademarks. total asset less intangible assets and total outside liabilities ; also called net tangible assets. Intangible assets include nonmaterial benefits such as goodwill, patents, copyrights, and trademarks.

A positive theory is a theory that attempts to explain how the world is while a normative theory attempts to explain how the world should be. The theories are used together in different social science fields, including economics.

Revenue is normally recognized when it is earned. Assuming all work was performed in April, the revenue should be recognized in April. (Dr. A/R; Cr. Revenue)

There are several depending on the size of the company and benefits offered, of course. You will have to make additions to your employee's tax withholding in the following areas: a 100% match to all social security and medicate deductions up to any limits. a FUTA tax that is usually .08% of taxable wages up to a limit. a SUI tax that is per state that you are doing business in, also on the taxable wages. Taxable wages are calculated using gross pay, less any "pre-tax" deductions taken from payroll. A pre-tax deduction can be something like medical, dental or vision, usually part of the IRS Section 125. In addition to these, if you do offer medical, dental or vision benefits to your employees, there is the total premium cost that must be paid, less the amounts deducted from each employee's pay. There are several depending on the size of the company and benefits offered, of course. You will have to make additions to your employee's tax withholding in the following areas: a 100% match to all social security and medicare deductions up to any limits. a FUTA tax that is usually .08% of taxable wages up to a limit. a SUI tax that is per state that you are doing business in, also on the taxable wages. Taxable wages are calculated using gross pay, less any "pre-tax" deductions taken from payroll. A pre-tax deduction can be something like medical, dental or vision, usually part of the IRS Section 125. In addition to these, if you do offer medical, dental or vision benefits to your employees, there is the total premium cost that must be paid, less the amounts deducted from each employee's pay.

Operating expenses as they relate to real estate are typically the day to day costs necessary to operate the property to the intended use (i.e. real estate taxes, insurance, utilities, repairs and maintenance, etc). Capital expenses are for items that generally have a useful life beyond one year (i.e. cost to replace roof, re-paint exterior, re-pave parking area, etc).

Cost of capital, i.e., interest payments and cash-flows out, impact the total cash available to invest in capital goods. For example if you borrow $100,000 to purchase a new pizza oven and it brings in an additional $1000/month of profit but the monthly interest on the loan payment is $1500, then it is a bad capital expenditure with a negative effect on the business. If you borrow the same but bring in $5000 of additional profit per month it is a good investment. The precise calculation of this is about 20 layers more complicated but you get the idea.

Register was the name of the Company that mfg. the first Green line spread sheets.Paper sheet ledgers were originally used to maintain credit records,ect. in old country stores."Add it to the Register","put it on my tab"came from that erea also.Way before 18.99% APR.

When purchasing media, you may receive a discount from the supplier you have purchased the media from. When you bill the client - depending on the contract terms - you will either charge the client the gross charge i.e. the cost of the media without the discount or the net charge i.e. the cost of the media with the discount.

i hope it is the net profit plus non-operative expenses (not directly connected with sale of the produce) plus interest & taxes. May be slightly higher than EBIT.

following is the proforma cash flow statement

1 - Cash flow from operating activities
amount received from debtors
payment made to creditors
2 - Cash flow from financing activities
sales purchase of assets
3 - Cash flow from investing activities
issuance of new share capital

profit or loss alc dr

to capital alc....

enter in journal

bakwas

Mostly Analytical procedures are performed when verifying Sales / Revenue

i want to my pf balance

Assets purchased is shown under financing activities in cash flow statement because it is further financing of the owner of the company in the company to earn more in future.

It is posted in long term loan and adv.

What is restructure and characteristics

Plus investments plus net income (loss) less withdrawals.

When a business sells services for cash, the business is typically selling things that are more conveniently done by someone with training. Haircuts, for example, are a service a business can sell for cash.

The trial balance is the list of all open accounts in the ledger (although post-closing trial balances exist as well).

If the A/P (Accounts Payable) account increased on the trial balance, this would mean that entries had been made (journalized) and posted to the ledger that increase the A/P account balance.

For example, buying inventory on account would increase the A/P account balance. This transaction would be journalized and then posted (process of transferring info from journal to ledger). This would result in an increase in A/P on the trial balance.

Because the value of a business is largely driven by financial performance, it's important to have generally accepted accounting standards that all companies follow. Without them, each company could report their performance differently, and it would be nearly impossible to compare them to each other. Companies are allowed to show pro-forma results that apply non-standard accounting principles if they feel it's necessary to tell the story around their performance, but these are a 2nd set in addition to the standard principles which are required.

As a general rule, ONLY private sectors pay taxes. Public sectors do not.