PV Ratio Formula is Profit Volume Ratio Formula This formula helps calculate a product's profits. Every Business Model seeks to profit by selling services or goods to customers. The first steps in this process are planning and preparation. Budgeting is a component of … [Read more...] about PV Ratio Formula
Cheque deposit JE
A cheque deposit results in an inflow of funds. We will understand JE in the Q&A form. What does a Cheque deposit mean? It's a receipt from the debtors. Where is the Cheque deposited? Deposit happens in Banks. How to record the Journal Entry? Identify … [Read more...] about Cheque deposit JE
Electricity Journal Entry
Record Paid Electricity Journal Entry by What's the purpose of Electricity JE? To record the power usage charges. It can be a direct or indirect expense. How about an example here? Consider an Entity. It's into goods manufacturing. Assume it is an … [Read more...] about Electricity Journal Entry
Bad Debts Journal Entry
Bad debts are losses to the business. What's the reason for losses? Because debtors did not pay their dues. So, these are unrecovered receivables. Therefore, the entity needs to post a JE by Such a loss due to debtors is a bad debt. Can there be recovery of … [Read more...] about Bad Debts Journal Entry
Paid Telephone Charges Journal Entry
Telephone charges are indirect expenses for a business. These are not just an entity's office/fax/toll-free/call center expenses. However, it will also include reimbursements for its employees' voice/data plan. Nowadays, entities provide their employees with smartphones to … [Read more...] about Paid Telephone Charges Journal Entry