Bookkeeping

Some retailers might charge less and others might charge more! Retailers who charge a higher rate of around 300% are more likely based in London, where costs are higher for their space and staff. This is the price that a consumer pays, and which is displayed on your website or…

You can have more than one business location, including your home, for a single trade or business. To qualify to deduct the expenses for the business use of your home under the principal place of business test, your home must be your principal place of business for that business. To…

Accounting Overview, Principles, Examples, Importance, & Facts However, lenders also typically require the results of an external audit every year as part of their debt covenants. In the United States, the requirements for joining the AICPA as a Certified Public Accountant are set by the Board of Accountancy of each…

Inventory Accounting: A Complete Guide When inventories are sold, the carrying amount of those inventories is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of inventories to net realisable value and all losses of inventories are recognised as an…