by How To Set Up | Nov 18, 2025 | Uncategorized
Earnings from owning shares in other companies. Typically recognized when declared. Considered non-operating income for most businesses.
by How To Set Up | Nov 16, 2025 | Uncategorized
Fixed assets such as shelving, display racks, cash registers, and POS systems. They support day-to-day retail operations. Depreciated over their useful life.
by How To Set Up | Nov 14, 2025 | Uncategorized
The systematic allocation of the cost of tangible assets (e.g., buildings, equipment) over their useful lives. It reflects wear and obsolescence. Depreciation is an expense but does not involve cash outflow.
by How To Set Up | Nov 14, 2025 | Uncategorized
Wages owed to employees for work performed but not yet paid. Recorded as a current liability until settled. Ensures accurate matching of labor costs to the correct period.
by How To Set Up | Nov 12, 2025 | Uncategorized
Occurs when an asset’s market value drops below its book value. Impairment losses are recognized to reflect reduced economic benefit. Common for goodwill or investments.
