Bookkeeping

Non-current assets include non-current investments and long-term receivables. A positive ratio indicates the company pays its short-term obligations after liquidating current assets. A negative ratio means current liabilities exceed current assets and indicates financial distress. Yes, a current ratio of 2 is typically considered a good level of liquidity. Advantages and disadvantages of liquidity ratios…

Let’s craft a business story to explain how to calculate the Modified Internal Rate of Return (MIRR). This will illustrate how the MIRR process works in a real-world scenario, reflecting the exact formula and approach used. The Modified Internal Rate of Return, often just called the MIRR, is a powerful and frequently used investment performance indicator.…

Financial reporting’s integrity is crucial for corporate trust and responsibility. It helps produce financial statements showing a company’s real situation. Companies must follow GAAP and meet deadlines from the IRS, SEC, and FASB. Posting, the cycle’s final step, shows a company’s honesty what is posting accounting and effort. MicroTrain’s clear final trial balance shows its…

By providing prompt and professional responses, they can enhance customer satisfaction and foster stronger customer relationships. Additionally, outsourcing can help manage overdue accounts through timely follow-ups and payment reminders. It ensures that the company’s revenue cycle runs smoothly, with payments from customers coming in a timely and predictable manner. By choosing an expert service provider,…

MFRS 16 however, states the recognition of the start on the commencement date of the lease transactions. However, for biological assets or agricultural produce which fall under MFRS 141, there is one additional recognition criterion that needs to be met. This additional criterion is that the entity controls the asset as a result of past…

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In this article, we will delve into the importance of a tire receipt, how to create one, and provide some tips for successful record-keeping. Whether you are a tire shop owner or a car owner, this guide will help you understand the significance of this document and how it can benefit you. List the tire…