You know a supplier may have spare equipment that you can use for your project for a short time at a low price. Since there is no guarantee you will need this equipment, you don’t take any action. You are constructing a building and it is designed to withstand earthquakes up to 6 on the Richter scale.
If you are able to decrease the …
Account Type – From the dropdown, select Bank as the account type for a petty cash account. Inform employees that a receipt is required for all petty cash purchases of $75 or more; a receipt scanner app can help minimize the chance of lost receipts. The accounting journal is the place where the details lie. A sample accounting journal page …
Land usually appears as the first item under the balance sheet heading of Property, Plant and Equipment. The amount of interest cost incurred and/or paid during an asset’s construction phase is part of an asset’s cost on the balance sheet. Land is recognized at its historical cost or purchase price, and can include any other …
Good governance starts with the integrity and ethics of every director on every board. Board directors have a moral obligation not to take advantage of the company, but to be loyal to the company, make wise decisions, neutralize conflicts among stakeholders, and act in a socially responsible way.
For example, accepting bribes can be …
The main strengths of this type of system are that it’s simple and inexpensive. Human error, on the other hand, is a significant weakness, as is the system’s time-consuming nature. Failing to track stock continually, for instance, can allow either overstocking or understocking. You’re also wasting critical warehousing space …
R.I.S.E Enterprises, LLC will then take proceeds from the residential property that will be held and rented as an income producing asset, while seeking long term appreciation. To be successful in real estate investing, a strong partnership must be built with many service providers that have an intimate knowledge of the neighborhoods selected. …