While the above elements are all commonly found on paystubs, they may vary depending on your personal circumstances. For example, you may live in a state that doesn’t collect state income taxes. Or you may be on someone else’s healthcare plan, so you wouldn’t have any benefit deductions on your pay stub. The taxes that …
Content Details of Debit Cards and Credit Cards Debit Cards and Credit Cards: Plastic money NFC: Convenience With Contactless Cards Learn About the Different Types of Plastic Cash Uses of smart cards Card networks This motive is already applied with particular success in more than one third of EU countries hoping to convince people to use …
A creditor could be a bank, supplier or person that has provided money, goods, or services to a company and expects to be paid at a later date. In other words, the company owes money to its creditors and the amounts should be reported on the company’s balance sheet as either a current liability or …
Debtor vs Creditor Overview, Characteristics, Key Differences Read More »
For example, there is always a risk that technological advancements could potentially render the asset obsolete earlier than expected. Find the equation of the line which passes through the points A(-2, 0) and B(1, 6) and state the gradient and y-interceptclosey-interceptThe value of the y-coordinate when a graph crosses the y-axis.. If a line forms …
Straight Line Method Explanation, Formula and FAQs Read More »
If you put down less than 20 percent, your lender may require you to pay private mortgage insurance, also known as PMI, which would be tacked onto your monthly mortgage payment. A down payment is the amount of money you put down on a significant purchase, such as a vehicle or a home, and then …
A Standard Down Payment For A Contractor and Payment Schedules Read More »
This type of error can only be found by going through the trial balance sheet account by account. Once all balances are transferred to the unadjusted trial balance, we will sum each of the debit and credit columns. The debit and credit columns both total $34,000, which means they are equal and in balance. However, …
Trial Balance: Definition, How It Works, Purpose, and Requirements Read More »
If your business receives a payment in 3 years, rather than today, you lose the opportunity to invest that money and earn a return. It is especially important to have a sense of the time value of money when considering annuities. Annuities may be equal annual payments of money or equal annual receipts of money. …
Accountants are qualified to handle the entire accounting process, while bookkeepers are qualified to handle recording financial transactions. To ensure accuracy, accountants often serve as advisers for bookkeepers and review their work. Bookkeepers record and classify financial transactions, laying the groundwork for accountants to analyze the financial data. Bookkeepers record financial transactions in chronological order …
Bookkeeping vs Accounting: What’s the Difference? Read More »
So if you want to save money without compromising your financial aid eligibility, you can do so by using your savings to buy a house, prepay your mortgage, or contribute more money to your retirement accounts. The savings you put into these assets can still be accessed if you face an emergency, but you won’t be …
Zero-Based Budgeting: What It Is and How to Use It Read More »
To record the payment of a dividend, you would need to debit the Dividends Payable account and credit the Cash account. When the dividend is paid, the company’s obligation is extinguished, and the Cash account is decreased by the amount of the dividend. Dividends are typically paid out of a company’s profits, and are therefore …
Krishna Prasad Neupane
MA(Eco),MBS,LLB
Advocate & Registered
Auditor.
Former Director: Office of
the Auditor General Nepal.
Kupandole, Lalitpur.
Copyright © 2022 N Krishna And Associates