Now, there’s an extended version of the accounting equation that includes all of the elements (described adjusting entries in the section above) that comprise the Owner’s Equity. Although Coca-Cola and your local fitness center may be as different as chalk and cheese, they do have one thing in common – and that’s their accounting equation.
Read MoreMethamphetamine hydrochloride (Desoxyn) is the only legal methamphetamine in the U.S. It’s a pill approved to treat ADHD, but doctors don’t prescribe it very often. Most of the crystal meth and other meth products used in this country are made by transactional criminal organizations (TCOs)in Mexico. Recognizing unhealthy drug use in family members Meth use
Read MoreThis is useful in estimating the Cash cycle in a working capital requirement for maintaining or growing an organization’s operations. The shorter Cash cycle indicates that the company recovers its investments quicker and hence has less cash tied up in working capital. However, OC varies across industries, sometimes extending to more than a year for
Read More