Unearned revenue is the fee you receive from a customer for services or products but to be delivered. As the corporate performs the service or delivers the goods, it deducts the appropriate amount from the unearned revenue account. This step reduces the legal responsibility on the balance sheet and

The process of using a Suspense Account involves figuring out the transaction that led to the discrepancy and posting it to the Suspense Account. For example, if a cost was incorrectly recorded, it would be posted to the Suspense Account, and the reason for the discrepancy can be investigated

The base figure is usually presented first, and then in 100%, and every other item is expressed as a percentage of the base amount. This allows for the easy comparison of financial data across companies or over time. Vertical analysis enables trend analysis as it converts financial statement line

With Brightside Tax Relief, you receive comprehensive tax companies that ensure your financial well being isn’t compromised. In 2013, an Further Medicare Tax was created to cater for high-income earners. This specific tax applies to individuals who earn more than $200,000 a yr or couples filing