Bookkeeping

What is Decentralization: Advantages & Disadvantages of Decentralisation

With the middle and lower-level management being more involved with the everyday operation, the top management seeks the opportunity to focus on expansion and sustenance of profitability. Decentralization unleashes the fullest potential of the organization and can react easily to area-specific requirements. They even develop managerial skills and help in solving the succession problem which …

What is Decentralization: Advantages & Disadvantages of Decentralisation Read More »

How to Calculate Accrued Interest Payable The Motley Fool

Accrued expenses are payments that a company is obligated to pay in the future for goods and services that were already delivered. Short-Term Notes Payable decreases (a debit) for the principal amount of the loan ($150,000). Interest Expense increases (a debit) for $4,500 (calculated as $150,000 principal × 12% annual interest rate × [3/12 months]). …

How to Calculate Accrued Interest Payable The Motley Fool Read More »

What are Liabilities? Definition Meaning Example

Liability gives important information helpful in analyzing the liquidity and solvency of the organization. It also includes the ability of the organization to repay loans, long-term debt, and interest. Property, Plant, and Equipment (also known as PP&E) capture the company’s tangible fixed assets. Some companies will class out their PP&E by the different types of …

What are Liabilities? Definition Meaning Example Read More »

Scroll to Top