Thus, accumulating revenue and spending totals before the resulting profit or loss is passed through to the retained earnings account. It can, however, provide a useful audit trail by demonstrating how these aggregate amounts were carried through to retained earnings. If the resulting balance in the account is a profit (a credit balance), debit the income [...]
All CPAs will need on-the-job training, but how much depends on where you plan to obtain licensure. For example, a short-term milestone might be acquiring an in-demand skill like using accounting software, while a long-term goal might be advancing into a leadership position. For instance, a business looking to optimize its financial plan for future income [...]
This effect of suspense is useful in novels or movie scripts. Acclaimed writers have used periodic sentences throughout history to captivate readers. Examining periodic sentences in literature offers insights into the power of this rhetorical device. Periodic sentences have a different structure than normal sentences. They need dependent clauses, in the beginning, to create suspense and [...]