From the above we can see that in the event that the liabilities are greater than the assets of the business, the net worth can be a negative figure. During the month of February, Metro Corporation earned a total of $50,000 in revenue from clients who paid cash. Simply put, the rationale is that the assets belonging to a company must have been funded somehow, i.e. the money used to...Read More
Although the cash has been reduced, the overall assets remain the same because it has been exchanged for equipment. The total value of the business assets is still $10,000, keeping the equation in balance. Here, the business has cash but no liabilities since no loans or debts are involved at this stage. However, once the operations begin, more assets would need to be purchased. If the business uses cash to...Read More
Finally, Archdesk has all kind of tools to operate in the UK construction maket. The system has the Cost Codes (GL Codes) adapted to the UK market, calculates Retention, CIS decution and includes Domestic VAT Reverse Charges on invoices. You can also use it to manage your company’s situation and ensure long-term financial stability. Most companies pay for licenses on a month-to-month basis or pay for an annual license to...Read More
Treatment at one of our dedicated treatment centres can include alcohol detoxification, therapy and access to support groups. We can also prescribe medication to you, helping you to manage cravings and withdrawal symptoms and stay focused on long-term recovery. The long-term effects of alcohol poisoning can be serious and shouldn’t be underestimated. How long alcohol poisoning lasts usually depends on the severity of each individual case. During this time, you...Read More
This guide will walk you through what financial audits are, why they matter, and how to ensure your next audit not only meets compliance standards but strengthens your nonprofit’s credibility and financial practices. The duration of the independent audit can vary according to whom the audit is due, board members, for example. While some expectations can appear generous, the amount of work demanded by the audit may find auditors sweating...Read More
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