The Difference Between Contingent and Primary BeneficiariesYou can name more than one primary beneficiary and more than one contingent beneficiary—you're not limited to one of each. You can allocate percentages for each beneficiary, specifying what p... Read more
Direct allocation method — AccountingToolsOne of the most commonly tracked allocation rates is the allocation rate paid to a 401(k)from an employee’s paycheck. In many employee benefit plans, the employer will match the employee’s allocation rate up... Read more
Frequently Asked Questions About the AICPACareer GuidanceThe CPA designation is granted by individual state boards, not the American Institute of Certified Public Accountants (AICPA). To become a full member of AICPA, the applicant must hold a valid... Read more
Cost of DebtA company's cost of debt is the effective interest rate a company pays on its debt obligations, including bonds, mortgages, and any other forms of debt the company may have. Because interest expense is deductible, it's generally more usef... Read more
Solved: Should I 0 or 1 on a Form W4 for Tax Withholding AHow to Calculate Your Investment ReturnThe after-tax real rate of return is the actual financial benefit of an investment after accounting for the effects of inflation and taxes. It is a more... Read more
All About Advance Payments In Tally ERP 9Further, if such taxable perquisite value is not reported in the I-T returns, the I-T department may levy penalty ranging from 50% to 200% of the tax payable on the under-reported income,” Gupta further told T... Read more
Advance from customer — AccountingToolsAdvance paymentAs each month passes, one rent payment is credited from the prepaid rent asset account, and a rent expense account is debited. This process is repeated as many times as necessary to recognize rent... Read more
General and Administrative ExpenseGeneral and administrative expenseAlthough operating expenses include a wide range of costs, certain items do not belong in the section. Any costs directly related to manufacturing inventory or the cost to buy invent... Read more
Part A: Analyze, Record & Post Adjusting Entries, Prepare Adjusted Trial BalanceReversing entries can be set to automatically reverse in a future period, thereby eliminating this risk. The transactions which are recorded using adjusting entries a... Read more
