Accounting articles

Normal Profit Definition

Normal Profit DefinitionAccountingToolsNormal costing is a method of costing that is used in the derivation of price. The parts used for the normal costing to derive the price are precise costs of material, actual costs of labor and commonplace overh... Read more

Is Accumulated Depreciation a Current Asset?

Is Accumulated Depreciation a Current Asset?Accumulated depreciation is the entire quantity of depreciation bills which have been charged to expense the price of an asset over its lifetime. On the steadiness sheet, a company makes use of cash to pay... Read more

Annual holidays

Annual holidaysWhen are expenses and revenues counted in accrual accounting?PathWays PA is working with a large coalition to support paid sick days for all Pennsylvania workers. The Healthy Families, Healthy Workplaces Act would enable workers to ear... Read more

Rent expense: AccountingTools

Rent expense — AccountingToolsThe Accounting EquationThat is, the quantity of the expense is recorded on the income statement as an expense, and the identical amount is booked on the stability sheet underneath current liabilities as a payable.... Read more