Accounting Equation: What It Is and How You Calculate It

BY RASHMI RAJ
April 22, 2020
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The accounting equation shows that ASI’s liabilities increased by $120 and the expense caused stockholders’ equity to decrease by $120. The totals now indicate that Accounting Software, Inc. has assets of $16,300. The creditors provided $7,000 and the stockholders provided $9,300. Accounting equation This is what ensures that every transaction makes sense and there will […]

Sober living

Alcohol Poisoning: Symptoms, Causes, Complications, and Treatment

BY RASHMI RAJ
April 22, 2020
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This condition occurs when you drink large amounts of alcohol in a short period. It can lead to complications such drug addiction as choking, brain damage, and even death. Prompt medical treatment can help prevent these complications from occurring. Treatments for Alcohol Use Disorder Often, the person overdosing on alcohol is unable to help themselves. […]

Bookkeeping

Absorption Costing Complete Details: Meaning, Types & Formula

BY RASHMI RAJ
April 21, 2020
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The cost of inventory at the end of an accounting period is determined by absorption costing. The closing inventory also includes fixed costs, which raises the inventory’s value. However, its limitations, such as absorption costing the risk of overproduction and challenges in overhead allocation, necessitate careful interpretation and complementary use of other costing methods like […]

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