Category: Updates

Do you debit petty cash?

The petty cash account is a current asset and will have a normal debit balance (debit to increase and credit to decrease). What is petty cash withdrawal? ...

When should sampling be used?

Sampling is used any time data is to be gathered. Data cannot be collected until the sample size (how much) and sample frequency (how often) have been det...

Do landfills make money?

A private landfill sets its tipping fees based on competition and supply and demand; the more landfill area available, generally the lower the rates are g...

Do Indian banks issue SBLC?

Yes, SBLC is legal and fully operational in India when issued by banks certified by the Reserve Bank of India. What is a 760 in banking? MT760 is a messag...

What is a good gross margin?

You may be asking yourself, “what is a good profit margin?” A good margin will vary considerably by industry, but as a general rule of thumb, a 10% net pr...