Accounting & Finance Archives - Economic Grapevine https://economicgrapevine.com/category/accounting-finance/ The hub of Technology & Finance Sun, 11 Jun 2023 08:06:29 +0000 en-US hourly 1 https://economicgrapevine.com/wp-content/uploads/2020/12/cropped-cropped-Economic-Grapevine-Logo-new.png Accounting & Finance Archives - Economic Grapevine https://economicgrapevine.com/category/accounting-finance/ 32 32 Journal Entry to Write Off Damaged Inventory https://economicgrapevine.com/journal-entry-to-write-off-damaged-inventory-a-step-by-step-guide/?utm_source=rss&utm_medium=rss&utm_campaign=journal-entry-to-write-off-damaged-inventory-a-step-by-step-guide Sun, 11 Jun 2023 08:05:21 +0000 https://economicgrapevine.com/?p=5667 In the dynamic world of business, handling inventory is a task that demands meticulous attention. Sometimes, due to various circumstances like natural disasters, mishandling, or obsolescence, inventory can get damaged.…

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]]> What are Net Purchases in Accounting/Business? https://economicgrapevine.com/what-are-net-purchases-in-accounting-business/?utm_source=rss&utm_medium=rss&utm_campaign=what-are-net-purchases-in-accounting-business https://economicgrapevine.com/what-are-net-purchases-in-accounting-business/#respond Sat, 25 Mar 2023 16:25:03 +0000 https://economicgrapevine.com/?p=5513 In the world of accounting and business, understanding the various terms and concepts is essential for accurate financial reporting and analysis. One such term, net purchases, plays a significant role…

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]]> https://economicgrapevine.com/what-are-net-purchases-in-accounting-business/feed/ 0 What Is Deposit In Transit & How to Account For It? https://economicgrapevine.com/what-is-deposit-in-transit-how-to-account-for-it/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-deposit-in-transit-how-to-account-for-it https://economicgrapevine.com/what-is-deposit-in-transit-how-to-account-for-it/#respond Fri, 24 Mar 2023 18:14:18 +0000 https://economicgrapevine.com/?p=5508 What Is Deposit In Transit? A Deposit In Transit refers to a situation where a company’s cash deposit has been made at the bank, but the transaction has not yet…

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]]> https://economicgrapevine.com/what-is-deposit-in-transit-how-to-account-for-it/feed/ 0 Theoretical Ex-Rights Price: Definition & Calculation https://economicgrapevine.com/theoretical-ex-rights-price-definition-calculation/?utm_source=rss&utm_medium=rss&utm_campaign=theoretical-ex-rights-price-definition-calculation https://economicgrapevine.com/theoretical-ex-rights-price-definition-calculation/#respond Fri, 24 Mar 2023 13:26:21 +0000 https://economicgrapevine.com/?p=5501 Understanding the theoretical ex-rights price is crucial for investors who are looking to make informed decisions in the stock market. In this article, we will explore the concept in detail…

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]]> https://economicgrapevine.com/theoretical-ex-rights-price-definition-calculation/feed/ 0 How to Account for Bad Debt In Accounting? Simply Explained https://economicgrapevine.com/how-to-account-for-bad-debt-in-accounting-simply-explained/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-account-for-bad-debt-in-accounting-simply-explained https://economicgrapevine.com/how-to-account-for-bad-debt-in-accounting-simply-explained/#respond Fri, 24 Mar 2023 11:25:02 +0000 https://economicgrapevine.com/?p=5498 How to Account for Bad Debt? Bad debt is an unfortunate reality for many businesses. It occurs when a customer fails to pay for goods or services provided, leaving the…

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]]> https://economicgrapevine.com/how-to-account-for-bad-debt-in-accounting-simply-explained/feed/ 0 The High-Low Method In Cost Accounting https://economicgrapevine.com/the-high-low-method-in-cost-accounting/?utm_source=rss&utm_medium=rss&utm_campaign=the-high-low-method-in-cost-accounting https://economicgrapevine.com/the-high-low-method-in-cost-accounting/#respond Fri, 27 Jan 2023 00:00:26 +0000 https://economicgrapevine.com/?p=4979 While some costs are purely variable and some fixed, there are mixed costs that contain both variable and fixed elements. The High-Low Method is a technique that you can use…

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]]> https://economicgrapevine.com/the-high-low-method-in-cost-accounting/feed/ 0 What Is Direct Labor Rate Variance & How To Calculate It? https://economicgrapevine.com/what-is-direct-labor-rate-variance-how-to-calculate-it/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-direct-labor-rate-variance-how-to-calculate-it https://economicgrapevine.com/what-is-direct-labor-rate-variance-how-to-calculate-it/#respond Sun, 26 Feb 2023 08:22:20 +0000 https://economicgrapevine.com/?p=5427 Definition Labor rate variance measures the difference between the actual hourly rate paid to employees and the standard hourly rate that an organization had planned to pay them. The standard…

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]]> https://economicgrapevine.com/what-is-direct-labor-rate-variance-how-to-calculate-it/feed/ 0 What Does Faithful Representation In Accounting Mean? https://economicgrapevine.com/faithful-representation-accounting/?utm_source=rss&utm_medium=rss&utm_campaign=faithful-representation-accounting https://economicgrapevine.com/faithful-representation-accounting/#respond Thu, 23 Feb 2023 06:20:48 +0000 https://economicgrapevine.com/?p=5420 Faithful representation in accounting refers to the practice of presenting financial information in a manner that is accurate, complete, and unbiased. It ensures that the financial statements provide a clear…

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]]> https://economicgrapevine.com/faithful-representation-accounting/feed/ 0 CFA OR ACCA: Which One Should You Pursue? https://economicgrapevine.com/cfa-or-acca-which-one-should-you-pursue/?utm_source=rss&utm_medium=rss&utm_campaign=cfa-or-acca-which-one-should-you-pursue https://economicgrapevine.com/cfa-or-acca-which-one-should-you-pursue/#respond Mon, 20 Feb 2023 06:43:35 +0000 https://economicgrapevine.com/?p=5369 When it comes to pursuing a career in finance, it’s no secret that obtaining a professional certification can make all the difference. The finance industry is known for two main…

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]]> https://economicgrapevine.com/cfa-or-acca-which-one-should-you-pursue/feed/ 0 Where To Look For Expenses In Financial Statements? https://economicgrapevine.com/where-to-look-for-expenses-in-financial-statements/?utm_source=rss&utm_medium=rss&utm_campaign=where-to-look-for-expenses-in-financial-statements https://economicgrapevine.com/where-to-look-for-expenses-in-financial-statements/#respond Tue, 14 Feb 2023 20:42:29 +0000 https://economicgrapevine.com/?p=5360 Having a clear understanding of where to locate expenses within financial statements is crucial when conducting financial analysis. It’s essential to know where to look in order to obtain a…

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