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Common size Financial Statements:
Below this process, the total of the tasks side and the total of the possessions side of a Balance Sheet are taken as 100 and each item in the exacting side is expressed as a percentage of the total. In further words, the entire Balance Sheet or Income statement is transformed into percentage form and articulated as such. In common-size income statements, all items are spoken as a percentage of total sales, while in common-size balance sheets, all items are uttered as a percent of total assets. The statements organized therefore are recognized as relative common size income statement/Balance Sheet.
Once arranging the data and calculating the percentages, the prearranged data is analysed to draw significant inferences about the operational presentation of the business.
Difference between Debit and Credit Debit- used to record employer's FICA taxes, state unemployment taxes and federal unemployment taxes incurred during an accounting period
Its depends on the credit period of the company i.e. A company credit period 30 days 85 of the debtors collection should be recovered with in credit period. We can say the Effectiv
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how bookkeeping differ from accounting
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what is peacemeal districbution ..
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