Author name: Developer@Admin

To a great extent, a lower credit rating will hint the vendors to provide a limited amount of inventory to the purchasing company. Because of its interests, the bank will assess the company’s financial performance, i.e., the current and quick ratio. When supplying the goods or services to the purchasing company, vendors will agree with …

What Is a Trade Payable and How Is It Recorded? Read More »

Now, to illustrate the formula above we will provide an example of how to calculate the cost of goods sold below. Conversely, adjustments reduce total “Purchases.” Purchase returns occur when a business sends goods back to a supplier due to defects or incorrect orders. Purchase allowances are cost reductions granted by a supplier for minor …

Cost of Goods Sold COGS: Definition and How to Calculate It Read More »

The software can help with managing your cash flow, tracking bookkeeping, and managing your outstanding invoices. JobNimbus is a cloud-based business suite aimed at landscaping and construction companies. Hiring an accountant may seem like a significant expense for your independent contractor landscaping business. However, with our affordable bookkeeping service, you can enjoy professional financial management …

The Landscapers Guide to Bookkeeping and Profitability Read More »

B.For full disclosure, the statement includes information about all stock transactions, treasury stock, dividends, and so on. 2.The stock accounts must be reduced for the original issue price, including both par and excess over par. 4.Only a stock dividend shifts some retained does treasury stock affect retained earnings earnings to paid-in capital, leaving the par …

Would a purchase of treasury stock affect retained earnings? Read More »