Balmoral College

How to Determine Your Company’s Fiscal Year

There are no guarantees that working with an adviser will yield positive returns. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. For a fuller explanation about the history of the United Kingdom income tax year and its start date, see History of taxation in the United Kingdom#Start […]

R: The R Project for Statistical Computing

The word became the name of the letter, as an example of acrophony. R Programming Tutorial is designed for beginners and experts. This R Tutorial gives you knowledge of all concepts of R programming language. In this article, we help you determine whether R is a good choice for you. Linting is a feature that […]

Voucher Check Definition, How To Use, Pros and Cons

The restaurant, for example, can debit the meat inventory account and credit the cash account to record the payment. The receipt of payment and the date is recorded to show that the voucher has been paid. Accounts payable will reflect the lower balance due to the invoice being paid, assuming there are no additional payables […]

Should You Accept Rent in Advance?

There are a number of reasons you may choose to receive up to three months’ rent in advance. Once you have found a tenant, you’ll be able to access rent in advance as soon as your tenants have paid two months’ rent. Therefore, when recording prepaid rent, it is very important to not forget to […]

Accounting basics: 36 terms to know in 2023

The principle states that all the accounting methods adopted by a business should be recorded in the financial statements’ footnotes, balance sheet or in any other places in the financial document. Full disclosure principle ensures that accountants include all the necessary information into financial documents. You may follow generally accepted accounting principles or a different […]