The materiality principle outlines that any and all important financial information and matters must be disclosed in a company’s financial statements. For an item or event to be considered to be material, it means that having knowledge of it occurring could change certain economic decisions for those that use the company’s financial statements. The matching …
Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund …
Relief from Royalty Method for Trademark Valuation Read More »
If you calculate this residual error for each value of y and then calculate the sum of the square of each such residual error, you will get a quantity that is proportional to the prediction error of the Linear Model. So R2 basically just compares the errors of your regression model to the errors you’d …
Data science deep dive: Moving beyond R-squared for better energy analysis Read More »
Knowing the actual costs of production enables the company to price its products efficiently and competitively. An indirect cost is any cost not directly identified with a single, final cost objective, but identified with two or more final cost objectives or an intermediate cost objective. After direct costs have been determined and charged directly to …
Is depreciation a direct or indirect expense? Accounting question & answer Q&A Read More »
Utilizing Sage accounting software, it offers basic bookkeeping service for up to two bank or credit accounts, which includes data sorting and financial reporting. It also handles payroll management for up to 10 employees with detailed reports. The company also provides assistance regarding IRS and income tax submission. Mil Service carries over 20 years of …
Bookkeeping Phoenix, AZ Online Bookkeepers & Accountants Read More »
For more detail including local tax rates or type of purchase see Wikipedia Tax Tables by State. Multiply the price of your item or service by the tax rate. If you have tax rate as a percentage, divide that number by 100 to get tax rate as a decimal. Nevada has some important sales tax …
The disadvantages that are generally noticed via contributed capital are ownership insolvency and no assurance on return. The equity investors are the beholders of legal rights when it comes to the directorial board, and also have the permit to take several decisions in high-end corporations. The investors or lenders of money keep their main aim …
What Is Contributed Capital aka Paid-In Capital? Read More »
The cost of an item may be different compared to its true value, but since figuring out the true value would be subjective, stating the assets at historical cost is generally accepted as a fair way to maintain records. Direct materials are those that can be identified in the product, which can be conveniently measured …
Cost Concepts Explanation, Accounting, Economic Costs and FAQs Read More »
After the cash account, there is the inventory, receivables, and fixed assets accounts. Firms also have intangible assets such as customer goodwill that may be listed on the balance sheet. Without bookkeepers, companies would not be aware of their current financial position, as well as the transactions that occur within the company. The AAT Level 3 …
What Is Bookkeeping? Everything You Need To Know Read More »