What is a Cost Sheet? The cost sheet is a Statement comprising of all costs associated with the Production, Administration, Selling and Distribution departments. Recording of the cost sheet comes with its Benefits and Limitations. Let's explore … [Read more...] about What is the Cost Sheet Format in Excel?
Private equity is a challenging subject to understand. The best private equity books offer readers valuable insights into the industry and can help them understand the strategies and techniques used by successful private equity firms. For those looking to gain insight into … [Read more...] about Best Private Equity Books
Paid Cash for Telephone bill is to record an expense transaction with payments happening in physical currency. So, the business forgoes Cash to gain the telephone services. Nowadays, there are no cash transactions. I agree 100% with you all. It mostly happens … [Read more...] about Paid Cash for Telephone Bill
Deferred Rent is a Liability account for the business. There is a deferment of recognizing the Rent even though the payments are received. Why does such a scenario happen? Here's an example for you. False Company leases a building from True Company with a monthly … [Read more...] about Deferred Rent Journal Entry
Net Accounts Receivable is the leftover balance after deducting the bad or doubtful debts. Are you wondering why there would be bad debts? Operating a business on a Cash basis isn't feasible. So, there is a need for credit. It's possible and expected that each debtor … [Read more...] about Net Accounts Receivable