by prcoles | May 30, 2024 | Bookkeeping
A massive multi-national company may consider a $1 million transaction to be immaterial in proportion to its total activity, but $1 million could exceed the revenues of a small local firm, and so would be very material for that smaller company. In this scenario, the...
by prcoles | Nov 14, 2023 | Bookkeeping
Hence, for an asset that has a useful life of 4 years, the un-depreciated useful life to be used in calculating depreciation shall be 4 years in the first year of depreciation, 3 years in the second year and so on. Un-depreciated useful life is equal to the number of...
by prcoles | May 8, 2023 | Bookkeeping
Total revenue includes all income from sales before any deductions, while net revenue accounts for returns, discounts, and allowances, providing a clearer picture of actual earnings. In the case of government, revenue is the money received from taxation, fees, fines,...
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