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What are other current liabilities?

Other current liabilities are type of categorization of liabilities. These are residual current liabilities that have not been specified by the company or regulations or do not meet the criteria of being classified separately. They are referred to as they are uncommon...

What are other current assets?

Other current assets are type of categorization of assets. These are residual current assets that have not been specified by the company or regulations or do not meet the criteria of being classified separately. They are referred to as they are uncommon and...

Cost of goods sold for a merchandising company

Merchandising Company Merchandising companies buy goods and resell them at a higher price than the purchase price. Two types of merchandising company exist i.e. retail merchandising and wholesale merchandising. The retail merchandising company sells products directly...

Cost of goods sold for a cleaning company

What are the cleaning companies? Cleaning companies offer cleaning services. The range of services would differ as they offer the services in the niche section. The services would go to differ as industrial cleaning, office cleaning and home cleaning services. There...

Condensed statement of comprehensive income

The statement of comprehensive income depicts the changes in equity over the given time frame. In other words, it explains why the net assets have changed over a given period of time. There are mainly two components for the statement of comprehensive income: Net...