Is distributable reserves the same as retained earnings?
Reserves such as share premium, as well as asset revaluation reserve. Distributable Reserves – this refers predominantly to retained earnings. This figure...
Category: General
How do you expense a warranty?
To calculate the warranty expense, first figure out how many products will need repair or replacement: Total number of units sold X Percentage of units th...
What is the accounting entry for TDS deducted?
Accounting entries when TDS is deducted Particulars Accounting Entry – At the end of month the provision- Salary A/c Dr. 3,10,000 To Salary Payable A/c 2,...
What is an example of feed-forward control?
In the house example, a feed-forward system may measure the fact that the door is opened and automatically turn on the heater before the house can get too...
Can a non-CPA be a partner?
The AICPA has no similar restrictions on the formation of a partnership for the practice of public accounting with non-CPAs. A CPA may now have a non-CPA ...
Why do you need to understand the relationship of cost volume and profit?
Importance of CVP Analysis: Hence, the CVP relationship becomes essential for budgeting and profit planning. As a starting point in profit planning, it he...
Why would a company retain dividends?
Many companies pay dividends as a way to return profits to investors. Some companies, however, choose to retain earnings in order to fund new growth oppor...
Is utilities a debit or credit?
Debit and credit accounts Account When to Debit Cash and bank accounts When depositing funds or a customer makes a payment Accounts receivable When a sale...
How do you record a declaration of dividends on a property?
The declaration to record the property dividend is a decrease (debit) to Retained Earnings for the value of the dividend and an increase (credit) to Prope...
What does in distress mean?
1 : very upset He was clearly in distress upon hearing the news. 2 : in a very difficult situation in which one does not have enough money, food, etc. She...
