Accounting for a non-interest-bearing Note How to Account for a Non-Interest Bearing Note A non interest bearing note is a note that doesn't require any interest payments. The interest of a non interest bearing note is deducted from the face value of the note at the time of issuing a…
Accounting for a non-interest-bearing Note How to Account for a Non-Interest Bearing Note A non interest bearing note is a note that doesn't require any interest payments. The interest of a non interest bearing note is deducted from the face va…
Accounting Event What is an Accounting Event? An accounting event is anything that happens in a business organization and can be subject to a transaction. An accounting event is reported as an accounting transaction in the financial statements. Comp…
Accounting Change What is an Accounting Change? An accounting change is a change in accounting principle, estimate, or reporting entity. A change in accounting principles, estimate, or reporting entity may lead to a difference in the result to the b…
Accounting Breakeven Point What is the Accounting Breakeven Point? The accounting break-even point is a level of units sold at which a business earns no profit or loss. The accounting break-even point is calculated by Fixed Costs and Divided by (Se…
Accounting Overhead Allocation What is Overhead Allocation? Overhead Allocation is a way of sharing the cost across multiple jobs. We know that there are two types of costs, one is direct and the other is indirect. Direct costs are identical on th…
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