by administrator | Nov 15, 2023 | Bookkeeping
Capital Expenditures are expensed when they are incurred whereas Revenue Expenditures are expensed when they are used or consumed. The difference between capital and revenue expenditures is important when determining periodic net income. Capital expenditures and...
by administrator | Nov 15, 2023 | Bookkeeping
Capital Expenditures are expensed when they are incurred whereas Revenue Expenditures are expensed when they are used or consumed. The difference between capital and revenue expenditures is important when determining periodic net income. Capital expenditures and...
by administrator | Sep 11, 2023 | Bookkeeping
Whenever a business records an obligation in a liability account, it is known as the debtor. The third party to which the obligation must be paid (such as a supplier or lender) is known as the creditor. List short-term (current) liabilities first on your balance...
by administrator | Sep 11, 2023 | Bookkeeping
Whenever a business records an obligation in a liability account, it is known as the debtor. The third party to which the obligation must be paid (such as a supplier or lender) is known as the creditor. List short-term (current) liabilities first on your balance...
by administrator | Aug 28, 2023 | Bookkeeping
The licensees pays the higher of the two, the earned royalty or the GMR. However, unlike advertising, product sampling, and other initiatives, licensing generates a direct revenue stream for the brand. Royalties can be paid at a flat percentage of sales, for example,...
by administrator | Aug 28, 2023 | Bookkeeping
The licensees pays the higher of the two, the earned royalty or the GMR. However, unlike advertising, product sampling, and other initiatives, licensing generates a direct revenue stream for the brand. Royalties can be paid at a flat percentage of sales, for example,...
