learn the basics to advance accounting include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows, and more
Profitability Margin Profitability Margin measures to determine how much money a firm or business activity produces. It measures the ratio of sales that resulted in profitability. Simply defined, the percentage […]
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What is Bad Debt When items are sold on credit, the company assumes the risk that some of the clients will never pay for the goods. Bad debt occurs when
What is Gross Profit Ratio The Gross Profit ratio informs the company’s management about its profitability. It informs the company’s management about the company’s production costs. When management compares it
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Cost of Goods Sold Statement Separate books are kept in manufacturing concerns to keep a record of every single task done in the manufacturing process in order to determine the
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Classification of Expenses Each sort of expense is assigned to a distinct account. As a result, huge corporate organizations may have a significant number of accounts in their records. As
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