The AccountingTools site is the complete source of information for the accountant. ... can be searched from the podcast index, located in the drop-down menu.
13 May 2017 ... A write off occurs upon the realization that an asset no longer can be ... A variation on the write off concept is a write down, where part of the ...
Click on the CPE Log In option located in the CPE Courses topic in the drop down menu. If you are a ... How do I find a test that I have not yet finished? Log back ...
13 May 2017 ... A write-down is a non-cash expense, since there is no associated ... of an asset has fallen; they are not supposed to delay this recognition, ...
14 May 2017 ... If so, and if this information is not needed for special reports, shut down these accounts and roll the stored information into a larger account. Doing ...
11 May 2019 ... The reseller does not necessarily resell at the suggested retail price; selling at a discount is a common practice, if the reseller wishes to gain ...
30 May 2020 ... There are two ways to write down inventory. First, if inventory write-downs are not significant, debit the general cost of goods sold account and ...
14 May 2017 ... It does not consider fixed costs, which are assumed to be associated with the ... The costs that disappear when you shut down a production line ...
13 May 2017 ... Do not write down the cost of raw materials if the finished goods in which they are used are expected to sell either at or above their costs.
5 May 2020 ... The journal entry can be handled in two ways, which are: If you are using a periodic inventory system in which there is not an inventory record for ...
15 May 2017 ... Not following the consistency principle means that a business could continually jump between different accounting treatments of its transactions ...
