Bookkeeping

Purchase Return & Allowances Overview & Examples Lesson

This compensation may include cash return or reduction in balance with the supplier. If $2,100 out of $100,000 in credit sales did not pay last year, then 2.1% is a suitable sales method estimate of the allowance for bad debt … Read More

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What is a noncurrent asset?

Yes, machinery is a noncurrent asset and helps in the production of goods. Stock total return includes dividends and capital gain/capital loss (also called price appreciation). Long-term investments can be valued using discounted cash flow models. Gross PPE is the … Read More

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Direct vs Indirect Labor: What’s the Difference?

Personnel working in accounting, marketing and engineering departments are some examples of administrative indirect labor employees. Any expense or cost caused by non-production workers like office, administrative or security personnel etc. can’t be regarded as direct labor cost. These employees … Read More

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What expense category are checks?

If you’re a business owner, be sure to follow them yourself, as well. However, to make money you have to spend money, or so the old saying goes. As such, business owners need to be aware of their business expenses. … Read More

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