What is a goodwill accounting entry?
Goodwill is an adjusting entry on the balance sheet to help explain why the cash spent to acquire a company is greater than the assets received in return....
Category: Updates
What is meant by common size and comparative statement analysis?
Common-size financial statements present all items in percentage terms. Comparative financial statements present financial data for several years side by ...
How long does it take to process personal checks?
A personal check typically clears within two business days. Some banks can clear them faster. Here’s how long it generally takes for a check to clear: Usu...
What are foreclosure rights?
The right of foreclosure is a right available to a mortgagee to recover his outstanding money. The mortgagee has a right to obtain from a court a decree t...
How do I check if an AR exists?
How to Audit Accounts Receivable Trace receivable report to general ledger. Calculate the receivable report total. Investigate reconciling items. Test inv...
Can you pay an FHA loan off early?
Yes, you can pay off your FHA loan without a penalty for early pay off. HUD explains that a borrower may pre-pay an FHA mortgage in whole or in part and t...
What is a gross to net check?
The gross pay is their total salary before any taxes and other withholdings are deducted from their paycheck. The net pay is the income that an employee w...
Is gold good or bad?
It’s a bad inflation hedge. In spite of what you may have read, gold is actually not a good hedge against inflation. But over the long term, they’re not a...
Under which section is the liquidator Statement prepared?
Answer: Liquidator’s statement is prepared under section 45of companies act. What is liquidation Statement? A Statement of Affairs – or a SOA – is a docum...
Where does unclaimed money come from?
The unclaimed property comes from a variety of sources, including abandoned bank accounts and stock holdings, unclaimed life insurance payouts and forgott...
