The C programming language and the IEEE 754 standard also define a hexadecimal literal syntax with a base-2 exponent instead of 10. In languages like C, when the decimal exponent is omitted, a decimal point…
Increase the liability account because, as employees earn wages, you owe more. Since you haven’t run payroll yet, the $1,923 of gross wages represents the money you owe. We’ll balance that by adding items to…
Anything your business uses to operate or generate income is considered an asset, with a few exceptions. There are six years remaining in the car’s total useful life, thus the estimated price of the car…
If you’re an investor, you’ll know that the companies in which you have an interest are being honest about their financial position. An audit is the review or inspection of a company or individual’s accounts…
We will acknowledge receipt of your request and forward it to the appropriate party. The Federal Housing Authority (FHA) won’t offer loan assistance to a community which has low reserve funds, preventing or complicating the…
For instance, if you bought bonds at $117 and they mature in 2027, you have two options, to wait until the bonds mature or to sell them before. If you sell them before maturity, you…
Different vendors and service providers may have different requirements for the personal information you include on a check. Some of them will allow you to write in missing information such as a phone number. The…
Notes payable are written agreements (promissory notes) in which one party agrees to pay the other party a certain amount of cash. In double-entry bookkeeping, a debit entry either increases an asset or decreases managing…
