It’s usually listed at the top of your bank statement as to how much is left in your account. You may not even need to calculate to know your banking closing balance. A banking closing balance is the positive or negative amount you see in your bank balance at the end …
Discover the basic features, types, and benefits of customer service centers. When the customer has any issues the repairs and maintenance wing resolves the issue. Its manufacturing unit uses complex machines and in case of any technical fault or breakdown, it uses the services of repairs and maintenance department. An auxiliary activity is a …
Let’s say Sam is your only employee, and her pay date is coming up. Both debit and credit columns have $1,000, which makes them equal. This helps you check you’ve paid your supplier, which should keep them happy and your relationship strong. Otherwise, the delay in payment could result in reduced employee retention, i.e. a […]
As you prepare your bookkeeper job description, salary range transparency is an important consideration. Adding compensation numbers can help to build trust with candidates, while also ensuring applicants who may be more aligned with your budget. A Bookkeeper is responsible for recording and maintaining a business’ financial …
Higher the current ratio, the greater is the short-term solvency of the firm and vice versa. If the current ratio is very high, it implies that the current assets are lying idle whereas a very low current ratio implies that short-term solvency is not good for the organization. Both quick ratio and current ratio represent […]
Our ability in accounting is directly related to our ability in analysing a transaction. Through the analysis we need to identify the two elements affected by the transaction and should be able to state the nature of the two elements.. Therefore, the minimum accounting heads to be maintained would be 5 i.e. Capital a/c, Liabilities […]