Adam Hill, author at Online Accounting

Adam Hill started accounting and trading back in 2007. He has achieved quite a lot of success. Now he decided to open his blog. Here he publishes articles on accounting. For any questions of interest, please contact us by e-mail: admin-hill@online-accounting.net

Rent receipt template: Free Rent Receipt Template Word & PDF Receipts

Jul 14, 2023 Bookkeeping by Adam Hill

Once he or she signs the signature line, a copy of the signed receipt should be dispensed to the Payer and one should be retained for the Landlord’s records. The Landlord should only sign this receipt when the rent payment noted above has been physically received and accounted for. If the Rent Payer has paid
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Profit and loss statement: Profit and Loss Statement Meaning, Importance, Types, and Examples

Jul 14, 2023 Bookkeeping by Adam Hill

If you sell multiple products or services, you can break them down across multiple product or service lines on your P&L. This can tell you whether certain products or services are more profitable than others and if some are growing while others are shrinking. Cost of goods sold, or COGS, are the direct expenses incurred
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Profit and loss questions: Profit loss questions competitive exams Profit and Loss Questions for Competitive Exams Pdf A man

Jul 13, 2023 Bookkeeping by Adam Hill

Some pencils are sold at a loss of 20% and let the remaining at a gain of x%. We already saw how to find overall gain or loss percentage in case there are two items, whose S.P. Thus, we hope that this blog on profit and loss formulas helped you gain insight into the concept.
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Predetermined overhead rate: Predetermined Overhead Rate Formula Calculator with Excel Template

Jul 13, 2023 Bookkeeping by Adam Hill

Using the Solo product as an example, 150,000 units are sold at a price of $20 per unit resulting in sales of $3,000,000. The cost of goods sold consists of direct materials of $3.50 per unit, direct labor of $10 per unit, and manufacturing overhead of $5.00 per unit. With 150,000 units, the direct material
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Petty cash log: Petty Cash Log Template Printable Petty Cash Form

Jul 13, 2023 Bookkeeping by Adam Hill

According to cashier.rice.edu, petty cash funds help pay for the little expenses that are not necessarily part of the initial budget that the company has proposed for things like toiletries and office supplies. When recording petty cash expenses, you must have the petty cash log be balanced. The balancing of the petty cash computations must
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