Should I have a savings as well as salary account?
The cost of purchasing gas does not improve or prolong the life of the truck but simply allows the truck to run. Salaries Expense will usually be an operating expense (as opposed to a nonoperating expense). Depending on the function performed by the ...
Run Rate Definition
Cost synergies are realized by eliminating positions that are viewed as duplicate within the merged entity. Examples include the headquarters of one of the predecessor companies, certain executives, the human resources department, or other employees ...
Reversing entries
Reversing entries, or reversing journal entries, are journal entries made at the beginning of an accounting period to reverse or cancel out adjusting journal entries made at the end of the previous accounting period. This is the last step in the acco...