The subject matter’s responsible party, in some cases, may not be readily identifiable. After enrolling in a program, you may request a withdrawal with refund (minus a $100 nonrefundable enrollment fee) up until 24 hours after the start of your…
Accounts are created within each category for different transactions. For example, in the revenue category, a landlord may have individual accounts for rental income, late fees, and other rent (such as pet or roommate rent). Under the accrual method of…
As such, some firms debited contingency losses to the appropriation and did not report them on the income statement. Retained earnings are also known as accumulated earnings, earned surplus, undistributed profits, or retained income. Retained earnings are reported in the…
