The outstanding expenses in the balance sheet can be defined as the amount which has been entered in the left-hand side of the balance sheet means in the liabilities section. These expenses have those expenses for which we used the services from that expenses but didn’t pay money for that. In simple words, it can …
Big businesses have different departments in their firm. Each department deals with different kinds of production processes. They provide different services to the firm and add on benefits to the firm. They all put their effort into resolving their department’s issues. For example: consider a big shoe factory. However, the company’s main work is the …
Companies that have issued debentures keep a fund called the Debenture Redemption Reserve (DRR). Its goal is to keep the danger of debenture default to a minimum. The DRR guarantees that funds are available to meet debenture holder commitments. There are two parts to the DRR. Setting away a percentage of the profit is the …
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