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unrestricted net assets definition and meaning

Also, I suggest consulting your accountant for guidance on how to handle What is Royalty in Accounting Meaning, Accounting Treatment & Examples, including whether to remove the account or not. Moreover, you might want to export your report to Excel from QuickBooks Desktop. You'll want to modify your report by Sorting out and using the Filter to customize…

Bank Overdraft

This can be easily done with the technology available today, such as a bank’s mobile app. Let’s say Mary went to a retail outlet and purchased cosmetics amounting to $2,000 and wrote a check for the purchase. However, when the merchant deposited the check in the bank, Mary’s account only contained $1,500, which means that…

Days’ Sales in Accounts Receivable Business Forms

The accounts receivable days obtained above imply that the company collects payments from its customers in 60.83 days. This allows the company to collect payments from customer’s bank accounts directly when they become due, ensuring that delays in receiving payments are considerably reduced. Other methods to increase payment collection efficiency include introducing a stricter credit…