What Is A Cr In Business? CLJ

If there’s one piece of accounting jargon that trips people up the most, it’s “debits and credits.” When you increase assets, the change in the account is a debit, because something must be due for that increase (the price of the asset). Conversely, an...

What Is A Cr In Business? CLJ

If there’s one piece of accounting jargon that trips people up the most, it’s “debits and credits.” When you increase assets, the change in the account is a debit, because something must be due for that increase (the price of the asset). Conversely, an...

Relationship Between Variances, Disposing of Variances

The decreased profit has resulted either because actual revenue are less than expected revenues or actual costs incurred are found to be more than expected costs. In finance, unfavorable variance refers to a difference between an actual experience and a budgeted...

Relationship Between Variances, Disposing of Variances

The decreased profit has resulted either because actual revenue are less than expected revenues or actual costs incurred are found to be more than expected costs. In finance, unfavorable variance refers to a difference between an actual experience and a budgeted...

What is a Debit Memo: Types, Uses and Examples

Still, it’s good to know what a credit memo or debit memo looks like next time it shows up on your bank statement. It may save you a phone call or a trip to your local branch. A debit memo from, for instance, your bank alerts you to a reduction in your account balance...

What is a Debit Memo: Types, Uses and Examples

Still, it’s good to know what a credit memo or debit memo looks like next time it shows up on your bank statement. It may save you a phone call or a trip to your local branch. A debit memo from, for instance, your bank alerts you to a reduction in your account balance...