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Sales Tax Definition

Sales Tax Definition

December 13, 2021
Bill Kimball

This would translate to a higher amount of total taxes paid, which is carried down to the end consumer in the form of higher costs for goods and services. The Roman emperor Augustus collected funds for his military aerarium in AD 6 with a one percent general sales tax, known as the centesima rerum venalium […]

Classified Balance Sheet Template

Classified Balance Sheet Template

December 13, 2021
Bill Kimball

It appears as a current asset in the corporate balance sheet. Operating Cycle Of The BusinessThe operating cycle of a company, also known as the cash cycle, is an activity ratio that measures the average time required to convert the company’s inventories into cash. The unclassified balance sheet lists assets, liabilities, and equity in …

Average Certified Public Accountant Cpa Salary Range And Compensation

Average Certified Public Accountant Cpa Salary Range And Compensation

December 8, 2021
Bill Kimball

These services also include assisting clients on business transactions (e.g., mergers and acquisitions) and offering expert testimony in legal proceedings. Some licensed accountants provide personal financial planning services as well. It represents 650,000 members and students in public and management accounting and advocates for the public …

Propeller Industries Receives Equity Investment From Newlight Partners

Propeller Industries Receives Equity Investment From Newlight Partners

December 8, 2021
Bill Kimball

We have been receiving some suspicious activity from you or someone sharing your internet network. If you continue to see this message, please email to let us know you’re having trouble. By creating an AeroLeads account, you agreed to accept our terms of service. You must create an account with the same domain as the […]

Contra Asset Account

Contra Asset Account

December 7, 2021
Bill Kimball

An allowance for doubtful accounts is considered a “contra asset,” because it reduces the amount of an asset, in this case the accounts receivable. The allowance, sometimes called a bad debt reserve, represents management’s estimate of the amount of accounts receivable that will not be paid by customers. What is a contra account owner …

Classified Balance Sheet

Classified Balance Sheet

December 7, 2021
Bill Kimball

A business that has very few lines items to report will typically choose to use an unclassified balance sheet, such as a very small business or a shell company. It can also be used for internal reporting where there’s no need for investor scrutiny, reports Accounting Tools. A classified balance sheet is a document used […]