Accounting articles

How to write down inventory — AccountingTools

How to write down inventory — AccountingToolsRelease of the Allowance for Obsolete InventoryHow do you calculate inventory reserves?In our example on inventory write downs, an allowance for obsolete inventory account is created when the value of inve... Read more

Circular-flow diagram

Circular-flow diagramCircular Flow of Income and Expenditure-Four Sector EconomyHow do you explain the circular flow of income?9. Circular Flow of Income: The circular flow means the unending flows of production of goods and services, income and expe... Read more

How To Draw Flow Net Seepage By Hand

How To Draw Flow Net Seepage By HandWhat is Velocity Potential and Stream Function?Lakes are important habitats for a variety of species and have a high recreational value for people. Especially small lakes are considered to be ecologically very valu... Read more

Journal entry definition — AccountingTools

Journal entry definition — AccountingToolsn a written record of a commercial transactionBusiness transactions are events that have a monetary impact on the financial statements of an organization. When accounting for these transactions, we record num... Read more

Disqualification of Directors

Disqualification of DirectorsChange in Directors of Producer Com...A director is a person from a group of managers who leads or supervises a particular area of a company. Companies that use this term often have many directors spread throughout differ... Read more