Detailed examination of arrears as a liability that remains unpaid by its due date, including historical context, types, key events, formulas, examples, related terms, and more.
B/D (Brought Down) indicates the balance carried forward from the previous page or period in accounting. It is crucial for ensuring accuracy in financial statements.
An overview of 'B/F' or 'Brought Forward', a key accounting term signifying amounts carried over from one period to the next.
The Bottom Line refers to the final total of profit or loss on an activity, typically shown at the foot of a financial statement.
In bookkeeping, 'brought forward' describes an amount that is the total of the corresponding column on the previous page.
The concept of Budgetary Fund Balance is employed to monitor the alignment between budget projections and actual financial performance, providing vital insights into financial management.
Comprehensive coverage on the term C/F, which stands for carried forward in accounting and financial contexts.
Comprehensive Guide to Understanding Carrying Value in Investments
A Contra Equity Account is an account that reduces the total equity on a company's balance sheet, typically used in the context of treasury stock.
Comprehensive analysis of the Cost of Sales Adjustment, including its significance in financial accounting and its impact on a company's profitability.
Detailed explanation of creditors, their historical context, categories, key events, mathematical models, examples, related terms, and much more.
Current liabilities are debts or obligations that a company is required to pay to creditors within a fiscal year or operating cycle, typically 12 months.
An in-depth look into debtors as assets in financial statements, their categorization, importance, and implications in accounting and finance.
A measure of a firm's profit that includes all expenses except interest and income tax expenses.
Explore the comprehensive details of expenditure, its types, significance, examples, and related concepts in the realms of finance, accounting, and economics.
A comprehensive guide to financial liabilities, including their definitions, types, importance, applicability, examples, and more.
A comprehensive analysis of Gain or Loss, the difference between the selling price and the basis of property, covering historical context, categories, key events, formulas, examples, and more.
Gross Corporation Tax is the total corporation tax payable on the profits chargeable to corporation tax for an accounting period, before any deductions for income tax suffered on investment income.
Invisible assets, also known as intangible assets, are non-physical assets that add value to a company. Learn about their types, examples, and significance in this comprehensive guide.
Net Book Value (NBV) is a fundamental financial metric that reflects an asset’s cost minus accumulated depreciation. This entry explores its definition, calculation, historical context, applicability, and more.
A comprehensive guide to understanding Net Credit Sales, including its definition, historical context, types, key events, mathematical formulas, and practical examples.
A detailed exploration of net profit, including its historical context, types, key events, formulas, importance, applicability, examples, considerations, and related terms. Discover the significance of net profit in business and finance, along with famous quotes, expressions, and FAQs.
An in-depth exploration of net revenue, its calculation, significance, and distinctions from gross revenue and other related financial metrics.
Nonrecurring items are income or expense items that appear on a company's financial statements infrequently and are not part of its regular operations. They provide crucial insights into a company's financial health and are vital for accurate financial analysis.
Understanding Operating Loss: Definition, Types, Examples, and Implications
A comprehensive look into ordinary activities, their types, implications, examples, and differentiation from extraordinary items.
Explore the key differences between purchase discounts and sales discounts in financial transactions, their definitions, examples, and applications in business.
Comprehensive explanation of the Reporting Date in accounting, including historical context, types, importance, examples, and related terms.
A sum that represents a total within a smaller category or set before reaching the Grand Total.
Understanding Surplus Account: Earnings officially allocated from retained earnings, differing from undivided profits.
A comprehensive look at trade debtors, also known as trade receivables, covering their definition, historical context, categories, key events, detailed explanations, mathematical models, importance, applicability, examples, related terms, comparisons, interesting facts, inspirational stories, famous quotes, and more.
Unfavourable Variance in budgeting and financial analysis refers to the difference between actual and budgeted performance where the actual results are worse than expected. This can impact organizational strategy and decision-making.
A comprehensive look at 'Usage,' a term commonly used by tax professionals and accountants to refer to the collective set of business days within a week.
Work In Progress (WIP) refers to partially finished goods within a manufacturing process or investments that are in the course of being realized. This encompasses items from raw materials to products on which various stages of manufacturing are still pending.
Detailed insight into accrued depreciation, its significance in accounting, and comparison with accumulated depreciation.
Accumulated Depreciation is a critical concept in accounting, representing the total amount of depreciation expense that has been claimed to date on an asset.
Understanding the various contexts and applications of the term 'allocate' in different fields such as general usage, accounting, finance, and resource management.
In-depth explanation of Depreciable Basis, vital for asset management and taxation purposes.
Learn what DR (Debit) means in accounting, finance, and banking. Understand different types, special considerations, historical context, and more.
Gross Amount refers to the total sum of something before accounting for any deductions such as costs, taxes, or losses. It provides insight into the initial total figure, which can be essential for various financial, economic, and management evaluations.
An in-depth understanding of Gross Profit, its calculation, significance, comparison with net profit, and real-world application.
Gross Revenue represents total sales at invoice values before any deductions such as discounts, returns, or allowances. Explore its types, significance, calculations, historical context, and related concepts in this comprehensive guide.
A comprehensive overview of net earnings, also known as net income, including its calculation, importance, and distinctions from other financial metrics.
Net Purchases refer to the total amount paid for purchases after accounting for returns, allowances, and discounts.
In-depth explanation of Net Sales, covering definitions, formulas, applications, and examples
The term 'Over-and-Short' refers to discrepancies found in accounting where inventory or cash counts do not match recorded figures. These discrepancies are commonly categorized under 'Over' or 'Short'.
A detailed explanation of pretax earnings or pretax profit, encompassing its definition, calculation, historical context, and relevance in financial analysis.
Pretax Income refers to the amount earned from a business or investment before deducting income taxes. Understanding Pretax Income is essential for evaluating a company's financial performance.
An in-depth exploration of Realized Gain, its implications, types, examples, and its role in financial transactions.
Detailed overview of the unamortized bond discount, covering its definition, significance in finance, methods of amortization, and applicable examples.
A Wasting Asset is a type of fixed asset that has a limited useful life span, making it subject to depreciation. It also refers to natural resources that decrease in value due to extraction or usage, which involves depletion.
An in-depth exploration of the written-down value (book value) of an asset after depreciation or other forms of amortization.
A detailed exploration of the cost of revenue, including its definition, calculation methods, examples, and its significance in a company's financial statements.
Explore the 'Due From Account' in accounting—its definition, mechanism, and comparison with the 'Due to Account.'
A comprehensive explanation of 'Due to Account,' a liability account within the general ledger indicating funds payable to another account, including definitions, examples, and its importance in financial accounting.
EBITA is a robust metric that can offer a clearer picture of a company's performance by excluding interest, taxes, and amortization expenses.
Explore the comprehensive definition of General and Administrative (G&A) Expenses, including detailed examples, the role in business operations, and their impact on financial statements.
Gross earnings represent the revenue that remains after deducting the cost of goods sold (COGS). This entry provides a comprehensive overview of gross earnings, including definitions, examples, comparisons with net earnings, and its role in accounting.
An in-depth look at Net Income After Taxes, including its definition, calculation methods, practical examples, and its significance in financial reporting.
A comprehensive guide to understanding the net profit margin, including its definition, how to calculate it, examples, and its significance in financial analysis.
An in-depth look at the accounting term 'On Account,' covering its comprehensive definition, explanations of related journal entries, and practical examples to elucidate its application in financial transactions.
A comprehensive examination of Operating Income Before Depreciation and Amortization (OIBDA), its calculation, importance, and use in assessing a company's core business profitability.
An in-depth guide to understanding operating profit, including how to calculate it, what it reveals about business performance, and practical examples.
A comprehensive guide to Other Current Assets (OCA), their definition, types, examples of use, and importance in business operations.
A comprehensive guide on the accounting term 'Over and Short,' detailing its definition, causes, significance, and how to address discrepancies between reported and audited figures.
Explore the intricacies of short-term debt (current liabilities), including its definition, functionality, various types, and important considerations. Understand how these financial obligations impact business operations and financial health.
A comprehensive guide to understanding write-downs in accounting, when they are needed, and their impact on financial statements.
