Bookkeeping

If you find a discrepancy here, make the necessary changes and rebalance your checkbook. If they have cleared in this statement, check them off on the outstanding transaction list and your current statement. There may be a space on the … Continue reading →

Fixed cost, variable cost and mixed cost are three categories of costs with respect to cost behavior, i.e. the relationship between total cost and output in the relevant range. A mixed cost differ from fixed cost in that the total … Continue reading →

Gains are considered to be a one-time income that is not received through normal business activities. Income statement evaluates the profit or loss of a business over a period of time, whereas balance sheets show the financial position of a … Continue reading →