Categoria: Cryptocurrency service

For XYZ Ltd., keeping a record of on-time payments is essential since it helps the company maintain its good credit rating. XYZ Ltd. will properly document this transaction in its financial records under the “Sundry Creditors” ledger, categorising it as a company liability in order to account for this obligation. Adjusting various creditors (accounts payable)… Continua a leggere What are Sundry Creditors: Meaning & Examples

Company Y’s management is, therefore, more efficient than company X’s management in using its fixed assets. From this result, we can conclude that the textile company is generating about seven dollars for every dollar invested in net fixed assets. A high ratio indicates that a company is effectively using its fixed assets to generate sales,… Continua a leggere Average Net Fixed Assets