da Sicplant | Ago 24, 2022 | Bookkeeping
The COA is typically set up to display information in the order that it appears in financial statements. That means that balance sheet accounts are listed first and are followed by accounts in the income statement. Unlike balance sheet accounts, income...
da Sicplant | Giu 6, 2022 | Bookkeeping
US Federal and State Sales Taxes For the 19th century were not common but optional. However, during the Civil War, because excise taxes were applied to so many specific products, they together acted as general excise taxes. The amount of sales tax that would apply to...
da Sicplant | Gen 28, 2022 | Bookkeeping
Retained earnings are the cumulative net earnings or profits of a company after accounting for dividend payments. As an important concept in accounting, the word “retained” captures the fact that because those earnings were not https://www.bookstime.com/ paid out to...
da Sicplant | Dic 4, 2020 | Bookkeeping
However, understanding how the process works is critical so you can intervene when needed. This article delves into the nuances of these steps and highlights its significance in promoting transparency, accountability, and well-informed decision-making in the business...
