A trade discount is different than a sales discount because a trade discount does not have the same restrictions as a purchase discount. Trade discounts are usually given to wholesalers that order large quantities of a product as well as retailers with good relationships with the manufacturer. Purchase discounts or cash discounts are based on payment plans not order …
This type of revenue is recorded as a liability because the company owes the delivery of goods or services to its customers. By understanding and properly accounting for unearned revenue, businesses can maintain accurate financial records and ensure that their financial statements reflect their true financial position. Properly managing unearned revenue is crucial for industries …
What Is Unearned Revenue and How to Account for It Leer más »
Accountants working in specialized fields like forensic accounting, cost accounting, and financial advising may decide to pursue CPA licensure to boost their reputation and provide their clients with additional services. Gainesville, Fla. (July 19, 2021) – Fifty-two CPAmerica member firms are being recognized for their accomplishments in INSIDE Public Accounting (IPA) Survey and Analysis of …
PBMares Named Top 100 Firm in 2022 by INSIDE Public Accounting Leer más »