Accounting Blog

A Simple Explanation of Notes to Financial Statement

A Simple Explanation of Notes to Financial Statement

Overview The most important information about the financial condition, financial results, and changes in the financial condition of the company is contained in the financial statements. They include a minimum amount of information about some essential elements of the financial reports. However, behind each number in the financial statements, there is other information that is
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Contribution Margin

Contribution Margin

Definition Bookkeeping records are maintained in every single business, from small to large. However, to implement it is only half a task, it is also important to correctly use and evaluate this financial data. There is a special indicator that the management should be aware of, which is a contribution margin. If you understand the
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Simple Explanation of Notes Payable

Simple Explanation of Notes Payable

Overview Notes Payable is a liability on the Balance sheet. It is a loan with interest, where you borrow money and you are charged interest. The borrower promises to pay the money back on demand or at a fixed or determinable future time. The interest rate is determined based on the time frame for which
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Sales Tax: Explanation and Calculation
What is Capitalization Rate?

What is Capitalization Rate?

Let’s say you have a deposit in the bank, but you are not satisfied with the interest rates and want to earn more. You must understand: the higher the opportunity to earn, the higher the probability of losing all the money. If you understand the risks and have free funds, it may be worth learning
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