What is the difference between variable cost and fixed cost explain with example?
Fixed Cost is definite; it will incur even when there is no units are produced. On the other hand, variable cost remains constant in per unit. Examples of...
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Why do managers require contribution approach income statement?
The contribution approach is an important one used during costing, because it can help managers figure out how much the company must sell in order to exce...
What is the relationship between Auditing and Investigation?
Auditing verifies the true and fair view of the financial statement while Investigation is performed to establish a fact. the appointment of an auditor is...
What are the contents of balance sheet in tally?
In Tally, the Balance Sheet is made of Fixed Assets, Current Assets, Current Liabilities and Capital & Reserves. You can run the Balance Sheet in Tall...
Is issuing bonds an investing activity?
Both cash inflows and outflows from creditors and investors are considered financing activities. Some examples of cash flows from financing activities are...
Which store has the highest profit margin?
Apparel Magazine’s annual report shows top apparel brands with highest overall profit margin Lululemon Athletica. Profit Margin: 17.6% The Buckle. Profit ...
Do dividend payments reduce retained earnings?
When the dividends are paid, the effect on the balance sheet is a decrease in the company’s retained earnings and its cash balance. In other words, retain...
What is the objective of inventory valuation?
The foremost step of valuation is to ascertain the physical inventories of the company, i.e., raw material, work in progress goods, and finished goods. Th...
What are financial statements Australia?
A financial statement is a report that shows the financial activities and performance of a business. Shows your business’s revenues, costs and expenses ov...
Does HST recoverable have a debit balance?
HST is a consumer tax which means that businesses are able to claim back any HST they pay on purchases of supplies, expenses ,etc. Any HST paid by the bus...
