What are other receivables?
Meaning of Other receivables Other receivables generally come with headings “Trade receivables and others” in the financial statement of large listed public companies. Other receivables are disclosed under the headings “Current Assets”. These are residual trade or...
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...
How Many Hours is Semi-monthly Payroll?
Payroll processing for semi-monthly hourly employees is not as straightforward as that of biweekly hourly employees. Since some months have 30 days and others have 31 days, a semi-monthly hourly employee’s pay will often vary according to the different number of days....
Accounting for Semi-Monthly Payroll
Business success is about making the right decisions. For a business that pays its employees on a semi-monthly basis, deciding how to account for semi-monthly payroll is vital for your business success. There are dozens of pay periods, but four are the most common and...
Financial Indicators for Nonprofits
Introduction Numerous components contribute to a nonprofit's monetary status, yet a few categories are especially demonstrative of fundamental wellbeing and strength. Non-profit pioneers who perceive the significance of the variables and follow up on the proposals to...
