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What are the common types of fraud in business?
What are the common types of fraud in business? It is common to target small businesses because they are aware of the lack of security in the industry. Not all…
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What happens if internal control fails?
What happens if internal control fails? Imposing internal control is crucial to ensure regulatory or legal compliance is the most important for a company; otherwise, the business might face massive…
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What type of account is the Dividends account?
What type of account is the Dividends account? What are dividends? The dividend is the distribution of some of a company’s earnings to a class of its shareholders, as determined…
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What are the essentials needed in a business report?
What are the essentials needed in a business report? An executive’s report shows detailed information about the organization’s history, staff, and volunteers working for a specified period. Besides, it is…
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How do you work out retained earnings?
How do you work out retained earnings? What has retained earnings? Usually calculated at the end of each financial year by doing the profit and loss account and then deducting…
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What is the difference between bad & doubtful debts?
What is the difference between bad & doubtful debts? If you have bad debts in your business, you have lost them, and the buyer who never paid for your product…
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