Is Artificial Intelligence Good for Society? Top 3 Pros and Cons

Is Artificial Intelligence Good for Society? Top 3 Pros and Cons

Artificial Intelligence (AI) is an umbrella term for any theory, computer system, or software that is developed to allow machines...

Petty cash book explanation, format, example, ordinary and imprest system

Petty cash book explanation, format, example, ordinary and imprest system

By managing petty cash effectively, companies ensure that funds are used appropriately and transactions are properly recorded. In addition to...

Rules of Debits and Credits Financial Accounting

Rules of Debits and Credits Financial Accounting

In effect, a debit increases an expense account in the income statement, and a credit decreases it. Expenses cause the...

10 3: Direct Write-Off and Allowance Methods Business LibreTexts

10 3: Direct Write-Off and Allowance Methods Business LibreTexts

The allowance approach, similar to putting money in a reserve account, anticipates uncollectible accounts. The allowance method is the standard...

8 Easy Steps to Reconcile a Bank Statement & Best Practices

8 Easy Steps to Reconcile a Bank Statement & Best Practices

It’s essential to ensure that the starting balance is accurate before beginning the reconciliation process. Bank reconciliation is a subset...

Work in Process WIP Inventory Guide + Formula to Calculate

Work in Process WIP Inventory Guide + Formula to Calculate

It most frequently refers to a manufacturing procedure where products are created within a standardized production system. The phrase works...

Estimated Useful Life of an Asset with Examples

Estimated Useful Life of an Asset with Examples

You divide the $5,100 basis by 17 years to get your $300 yearly depreciation deduction. You only used the patent...

10 3: Direct Write-Off and Allowance Methods Business LibreTexts

10 3: Direct Write-Off and Allowance Methods Business LibreTexts

The allowance approach, similar to putting money in a reserve account, anticipates uncollectible accounts. The allowance method is the standard...

What Is Working Capital? How to Calculate and Why It’s Important

What Is Working Capital? How to Calculate and Why It’s Important

Working capital estimates are derived from the array of assets and liabilities on a corporate balance sheet. By only looking at...

Cloud Based Property Management Software

Cloud Based Property Management Software

Yardi software produces these outcomes by automating business processes, consolidating data and enabling execution of all operations from a single...