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Category: Finance

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Finance

What is an extended cost? (with photo)

June 20, 2022 121bestadvisor

A spread cost is a type of accounting process that involves multiplying the unit cost of an item by the total number of units purchased

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Finance

What are the characteristics of the loan?

June 20, 2022 121bestadvisor

Man climbing a rope Loan proceeds are funds disbursed by a lender, less any origination and processing fees. These funds can be sent directly to

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Finance

What is the difference between saving and accumulating money?

June 20, 2022 121bestadvisor

Savings accounts can be established for a specific reason, such as vacations or education. Recent attention to hoarding as an emotional disorder has raised the

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Finance

What does the accounting for deferred compensation imply?

June 20, 2022 121bestadvisor

Deferred compensation disbursements are generally not requested by the employee until after he or she retires. Deferred compensation is an agreement between the employer and

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Finance

What is a payment book? (with photo)

June 20, 2022 121bestadvisor

A payment book keeps records of disbursements. A payment ledger is a type of accounting record that helps you keep track of payments that are

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Finance

What are foreign currency earnings? (with photo)

June 20, 2022 121bestadvisor

Some organizations, such as banks, make foreign currency profits simply by exchanging one currency for another. Foreign currency gains are gains made from the sale

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Finance

What is an accumulated fund?

June 20, 2022 121bestadvisor

Man climbing a rope An accrual fund is a type of account that serves as a repository for funds that nonprofits collect over time that

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Finance

What is a corporate investor? (with photo)

June 20, 2022 121bestadvisor

A corporate investor is an incorporated company that chooses to invest in another company. A corporate investor is an incorporated company that chooses to invest

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Finance

What is Public Sector Accounting? (with photo)

June 19, 2022 121bestadvisor

Public sector accounting is the process governments use to record their financial transactions, such as issuing bonds to pay for a public stadium. Public sector

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Finance

What are the pros and cons of cashing out an IRA account?

June 19, 2022 121bestadvisor

Redeeming an IRA before age 59½ means paying an initial 10% tax. In times of financial need, some people are tempted to withdraw from individual

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