Administrative expenses are non-manufacturing costs that include the costs of top administrative functions and various staff departments such as accounting, data processing, and personnel. Executive salaries, clerical salaries, office expenses, office rent, donations, research and development costs, and legal costs are administrative costs. The US GAAP requires that all selling and administrative expenses be treated […]

Also, your invoice may include information from your credit policy, like payment terms and penalties for late payment. Lump sum and unit price are less concerned with individual materials and more concerned with overall amounts and percentages. As we’ll discover, there are several construction invoice ways to price up a construction invoice. Each project is […]

Companies usually distribute dividends to their shareholders in cash, but they sometimes give them stock instead. Dividends of any kind, cash or stock, represent a return of profits to the company owners, so they reduce the retained earnings account in the stockholders’ equity section of the balance sheet. Negative can you have negative retained earnings […]

Investors can purchase corporate bonds through financial institutions or online brokers or buy government bonds through the U.S. YTM is the internal rate of return of an investment in a bond if the investor holds the bond until maturity and if all payments are made as scheduled. YTM evaluates the attractiveness of one bond relative […]

The term of the rent goes on extending, month to month until the parties mutually decide to end up the agreement. Rental Agreement is an agreement in which the conditions of rent are defined. In other business cases, rent is the payment or series of payments made to the owner of a property for the […]

The principles and guidelines established by ARBs laid the groundwork for the development of more sophisticated accounting standards globally. As countries sought to improve their financial reporting frameworks, many looked to the ARBs as a model for creating their own standards. This cross-pollination of ideas contributed to a more harmonized approach to accounting, facilitating better […]