Call-in arrears refers to the amount that a defaulter shareholder has not paid on the call money by the due date. It is calculated by deducting the paid-up capital from the called-up capital. The issuer may recover the unpaid call money if the recei... Read more
However, unlike district systems (or the hybrid models) no one elects a representative that represents them, or their specific region, and voters might reduce personal contact with their representatives. While parliamentary systems provide for disso... Read more
You can ask if they’re willing to deduct the stop payment fee from the original amount. If the outstanding check is less than six months old, you should not write another check. It’s fine to contact the recipient after a few weeks to fin... Read more
An example of an accrued expense is when a company purchases supplies from a vendor but has not yet received an invoice for the purchase. Employee commissions, wages, and bonuses are accrued in the period they occur although the actual payment is ma... Read more
You can create a separate expense sub-account for all the expenses you have, like rent and insurance payments. There are a number of reasons why you need to track your expenses in an account in business. But, there are a number of expense categorie... Read more
The arm's length dealings in this case, mean that both an employee and a supervisor each have a qualified advocate. The type of sale can provide some clarity into whether the transaction was (or currently is) an arm’s length transaction, wheth... Read more
Any remaining balance in the Prepaid Insurance account is what you have left to use in the future; it continues to be an asset since it is still available. At the end of the month 1/12 of the prepaid insurance will be used up, and you must account f... Read more
Adam received his master's in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He currently researches and teaches economic sociology and the social studies of finance at the Hebr... Read more
Instead, there is accounting guidance that determines whether it is correct to amortize or depreciate an asset. Both terminologies spread the cost of an asset over its useful life, and a company doesn't gain any financial advantage through one as op... Read more
The distinction between arguments and adjuncts and predicates is central to most theories of syntax and grammar. The omission diagnostic, for instance, helps identify many arguments and thus indirectly many adjuncts as well. If a given constituent c... Read more
