Manufacturers’ trade discounts assist both manufacturers and retailers/wholesalers. From a manufacturer’s perspective, it increases sales volume and thus profitability. Bulk sales also prevent manufacturers from stockpiling products in their warehouses. Conversely, retailers/wholesalers profit handsomely from bulk purchases. They …
An invoice is a legal document that serves as a demand for payment for goods or services. If you are a VAT-registered business, then His Majesty’s Revenue and Customs (HMRC) requires you to keep your invoices and submit them with your tax returns. Even businesses that are not registered for VAT should keep a close […]
So I’m making it available to you, because I know it will save you loads of time compared to setting everything up from scratch. To change anything in this Contract, the Client and the Coach must agree to that change in writing and sign a document showing their contract. This Contract is ongoing until it […]
That’s why you can call them liquid assets, as you can quickly liquidate them (sell them on the market). ” is a question you might hear a lot from your accountant, CPA or anyone else dealing with your business’s finances. Since physical property can actually be touched, it can be easier to value or sell. […]
Bookkeepers have to understand the firm’s chart of accounts and how to use debits and credits to balance the books. After the company makes all adjusting entries, it then generates its financial statements in the seventh step. For most companies, these statements will include an income statement, balance sheet, and cash flow statement. …
Q 9 – A vendor when could not find buyers for his vegetable at Re 10/kg, reduced the rate to Re 8.10 per kg but uses a faulty weight of 900 gm in place of 1 kg weight. Find the percent change in the actual price or loss. Q 7 – Anil buys a calculator […]